@techreport{NBERw11269,
 title = "Protection for Sale with Imperfect Rent Capturing",
 author = "Giovanni Facchini and Johannes Van Biesebroeck and Gerald Willmann",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "11269",
 year = "2005",
 month = "April",
 URL = "http://www.nber.org/papers/w11269",
 abstract = {Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a "protection for sale"  theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers. Introducing partial rent capturing we obtain a testable specification which finds support in the data. Our results suggest that average rent capturing is in the order of 72-75 percent.},
}