Output Quotas and Strategic Interaction in Processed Food Markets
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Date
1991-02
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Publisher
Ohio State University. Department of Agricultural, Environmental, and Development Economics
Abstract
This paper considers the impact of output quotas on food processors for different specifications of duopoly behavior. For a restriction on one firm, rents are shifted to the other under quantity competition while both benefit under price competition. For quotas on both firms, each benefits whatever the nature of competition.