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Restricting the market for quota: an analysis of tobacco production rights with corroboration from congressional testimony.

Regulatory programs that restrict output levels often impose restrictions on the transfer of rights to produce or to use particular inputs. In this paper, we use a unique cross-section, time-series data set from North Carolina to quantify the welfare effects of transfer restrictions for poundage qu...

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Published in:Journal of Political Economy Vol. 103; pp. 142 - 176
Main Authors: Rucker, Randal R., Thurman, Walter N., Sumner, Daniel A.
Format: Article
Published: University of Chicago Press February 1995
Subjects:
Mathematical models
Individual fishing quotas
Resource allocation > Mathematical models
Tobacco industry
Agricultural price supports
North Carolina
United States
Online Access:View this record in EBSCOhost