TY  - JA
AU  - Harris,R.
TI  - Why Voluntary Export Restraints Are 'Voluntary'
SN  - 0008-4085
PY  - 1985///
CY  - USA
PB  - Wiley-Blackwell
KW  - AGROVOC
KW  - Economics
KW  - Economic analysis
KW  - Exports
N2  - The paper presents an analysis of the effect upon an oligopolistic equilibrium of introducing a voluntary export restraint (VER) upon an importing firm. A VER set at the free trade level of imports is shown to raise the profits of all firms within the industry. The result follows as the imposition of a VER upon a free trade Nash price competition, forces the domestic firm to become an industry price leader. The VER raises industry prices by facilitating collusion and lowers consumer welfare
T2  - Canadian Journal of Economics
ER  -