The views in this paper are those of the authors and do not necessarily reflect those of the Bank of Canada or the National Bureau of Economic Research. All errors are our own. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

The American Community Survey data comes from the IPUMS-USA, University of Minnesota, www.ipums.org (Ruggles et al., 2020). The O*NET data is available at https:// www.onetonline.org/. The automation potential and viral transmission risk variables used in this paper constructed from the O*NET are available at Download Data. The views in this paper are those of the authors and do not necessarily reflect those of the Bank of Canada or the National Bureau of Economic Research. All errors are our own. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

from the Canadian Centre for Data Development and Economic Research for their assistance with the Canadian business micro data. The results have been institutionally reviewed to ensure that no confidential information is revealed. The U.S. Census data comes from the IPUMS-USA, University of Minnesota, www.ipums.org (Ruggles et al., 2015). All errors are our own.

This paper considers various policy alternatives to price ceiling legislation in the market for production quotas in the dairy farming sector in Quebec. I develop a model of farmers’ demand for quotas and estimate a structural parameter that is required for the counterfactual experiments. Using my econometric results and the modelled equilibrium price, I estimate the price of dairy quotas over the period 1993–2011. The counterfactual experiments indicate that the price of quotas could be reduced to the ceiling price through a 4.16% expansion of the aggregate supply of quotas, or through moderate trade liberalization of Canadian dairy products.

from the Canadian Centre for Data Development and Economic Research for their assistance with the Canadian business micro data. The results have been institutionally reviewed to ensure that no confidential information is revealed. The U.S. Census data comes from the IPUMS-USA, University of Minnesota, www.ipums.org (Ruggles et al., 2015). All errors are our own. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.