@article{Harris:275220,
      recid = {275220},
      author = {Harris, Richard G.},
      title = {Contingent Protection, and the International Distribution  of Excess Capacity},
      address = {1989-11},
      number = {2118-2018-4632},
      series = {IER No. 763},
      pages = {31},
      year = {1989},
      abstract = {The implications of demand and cost fluctuations, both  anticipated and uncertain, for the international  distribution of industrial excess capacity are explored.  Three partial equilibrium models of excess capacity and  contingent protection policies which are correlated with  distress on the part of the domestic firms are constructed.  It is argued that conventional tariff-equivalent measures  of protection are substantial understatements of the long  run effects of contingent protection when sunk costs in the  form of capacity are large. It is also argued that  contingent protection exacerbates the degree of excess  capacity on average in the industry, and further that  anticipation of the policy 'triggers' for implementation of  contingent protection fosters collusive behaviour in the  industry.},
      url = {http://ageconsearch.umn.edu/record/275220},
      doi = {https://doi.org/10.22004/ag.econ.275220},
}