Krishna, Kala; Tan, Ling Hui; Ranjan, Ram - In: Contributions to Economic Analysis & Policy 3 (2004) 1, pp. 1206-1206
This paper models investment/entry decisions in a competitive industry that is subject to a quantity control, either on output or on a production input. The quantity control is implemented via the sale of licenses for the restricted output/input. We show that liberalizing the quantity control...
