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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/58113

    Title: Why Voluntary Export Restraints Are Voluntary: An Extension
    Authors: 麥朝成;Mai, Chao-cheng;Hwang, Hong
    Contributors: 淡江大學產業經濟學系
    Date: 1988-11
    Issue Date: 2011-09-29 10:57:59 (UTC+8)
    Publisher: Canadian Economics Association
    Abstract: This paper presents a conjectural variation approach to examine the conditions under which VERS are voluntary. We have shown that the value of the conjectural variation is a critical factor for determining the effects of VERS. In particular, if the free trade equilibrium is more collusive than Cournot, the imposition of VERS at the free trade level of imports leads to a reduction in the profit of the foreign firm. Under such circumstances, VERS are `involuntary,' which is contrary to Harris's (1985) assertion.
    Relation: The Canadian Journal of Economics 21(4), pp.877-882
    DOI: 10.2307/135273
    Appears in Collections:[Graduate Institute & Department of Industrial Economics] Journal Article

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