000 | 01290nab|a22002657a|4500 | ||
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001 | 65246 | ||
003 | MX-TxCIM | ||
005 | 20220720204101.0 | ||
008 | 22050221985|||m-us||p|op||||00||0|eengdd | ||
022 | _a0008-4085 | ||
022 | _a1540-5982 (Online) | ||
024 | _2https://doi.org/10.2307/135091 | ||
040 | _aMX-TxCIM | ||
041 | _aeng | ||
100 | 1 |
_aHarris, R. _927296 |
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245 | 1 | 4 | _aWhy Voluntary Export Restraints Are 'Voluntary' |
260 |
_bWiley-Blackwell, _c1985. _aUSA : |
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520 | _aThe 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. | ||
546 | _aText in English | ||
650 | 7 |
_2AGROVOC _91093 _aEconomics |
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650 | 7 |
_2AGROVOC _91088 _aEconomic analysis |
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650 | 7 |
_911109 _aExports _2AGROVOC |
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773 |
_dUSA : Wiley-Blackwell, 1985. _gvol. 18, no 4, p. 799-809 _tCanadian Journal of Economics _x0008-4085 |
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_cJA _n0 _2ddc |
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_c65246 _d65238 |