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The Welfare Effects of Voluntary Export Restraints
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Yoshida, Chisato | - |
dc.date.accessioned | 2009-01-22T05:49:42Z | - |
dc.date.available | 2009-01-22T05:49:42Z | - |
dc.date.issued | 1999-04 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.12 No.2, pp. 143-156 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1153 | - |
dc.description.abstract | This paper examines a duopoly model of trade consisting of a home and a foreign firm with conjectural variation approach. It analyzes the effects of voluntary export restraints (VERs) imposed on the foreign firm on the profits of both firms and on the home country's welfare, when these VERs are lower than the lowest level of imports among free-trade equilibria under conjectural variations. It is found that such VERs increase the home firm's profits, reduce the foreign firm's profits, and may increase the home country's welfare under some circumstances. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | duopoly model | - |
dc.subject | VERs | - |
dc.subject | voluntary export restraints | - |
dc.title | The Welfare Effects of Voluntary Export Restraints | - |
dc.type | SNU Journal | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 156 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 143-156 | - |
dc.citation.startpage | 143 | - |
dc.citation.volume | 12 | - |
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