haku: @indexterm EXPORTS / yhteensä: 963
viite: 554 / 963
| Tekijä: | Dean, J. M. Gangopadhyay, S. |
| Otsikko: | Market equilibrium under the "threat" of a VER ! VER = voluntary export restraints |
| Lehti: | Journal of International Economics
1991 : FEB, VOL. 30:1/2, p. 137-152 |
| Asiasana: | MARKET RESEARCH EQUILIBRIUM ANALYSIS TRADE RESTRICTION INTERNATIONAL ECONOMICS IMPORTS EXPORTS |
| Kieli: | eng |
| Tiivistelmä: | When a domestic industry faces rapid growth of imports, the importing country may negotiate voluntary export restraints /VERs/. A model is developed that distinguishes three types of suppliers: restrained exporters, unrestrained exporters and small producers who cannot affect market outcomes. The impact of both the asymmetry amongst exporters and the uncertainty that a VER introduces, is analysed. Policies of restrained and unrestrained exporters are examined. Expected price in the importing country is determined. Results indicate that a pure strategy equilibrium results only when the probability of a second VER is high. Prices rise as the probability of VER rises. |
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