摘要：The United States imposed a tariff-rate quota (TRQ) on lamb meat in July 1999. Earlyanalysis suggested the possibility that lamb growers could lose welfare via the creation of packermarket power. This paper considers how subsequent events modify that analysis. Observedprices suggest reduced pass-through. Lamb prices are unchanged and more stable. Using anannual quota instead of a quarterly quota reduces the opportunity for market conduct switching. Early termination of the TRQ to comply with the WTO rulings magnifies any welfare loss. Assistance payments prevent welfare losses to growers with little impact on the market.
