Are Antidumping Duties for Sale? Case-Level Evidence on the Grossman-Helpman Protection for Sale Model
نویسندگان
چکیده
منابع مشابه
Protection for Sale with Unemployment
To match the observed patterns of protection over business cycle, I add unemployment into two models of trade policy: Protection for Sale(1994) and Trade Wars and Trade Talks(1995) by Grossman and Helpman. The source of unemployment is nancial frictions: as in Aghion et.al. (2009) rms with pro ts less than a random threshold are liquidated. With small shocks protection goes up to save emp...
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In the “Protection for Sale” model of Grossman and Helpman (1994), some industries are assumed to be able to overcome the free-rider problem and organize a lobby that represents their group interests while other industries are unable to form a lobby. This dichotomy presents a problem for the many papers that attempt to estimate the model empirically since every industry must be classified as ei...
متن کاملProtection for Sale with Imperfect Rent Capturing
We extend the protection for sale framework by modelling non tariff barriers. Explicitly introducing partial rent capturing leads to a testable specification that bridges the gap between the theoretical Grossman and Helpman (1994) model and its empirical implementation, where coverage ratios have been used to measure protection. Our econometric analysis supports the augmented specification and ...
متن کاملA Quantile-based Test of Protection for Sale Model
This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organizations. We use quantile and quantile IV regressions to do so using the data from Gawande and Bandyopadhyay (2000). Surprisingly, the results do not provide any evidence favoring the PFS model. ...
متن کاملAre IPO Allocations for Sale? Evidence from Mutual Funds
Combining data on explicit brokerage commissions that mutual fund families paid for trade execution between 1996 and 1999 with data on mutual fund holdings of initial public offerings (IPOs), I document a robust positive correlation between commissions paid to lead underwriters and reported holdings of the IPOs they underwrote. Moreover, I find that the correlation is limited to IPOs with nonne...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.965761