Voluntary Export Restraints on Automobiles: Evaluating a Strategic TradePolicy / Steven Berry, James Levinsohn, Ariel Pakes.

Format:

Book

Author/Creator:

Berry, Steven.

Contributor:

National Bureau of Economic Research.

Levinsohn, James.

Pakes, Ariel.

Series:

Working Paper Series (National Bureau of Economic Research) no. w5235.

NBER working paper series no. w5235

Language:

English

Subjects (All):

Import quotas--Economic aspects--United States.

Import quotas.

Trade regulation.

International trade.

Automobiles.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Voluntary Export Restraints on Automobiles

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1995.

Cambridge, Massachusetts : National Bureau of Economic Research, 1995.

Summary:

In May, 1981, a voluntary export restraint (VER) was placed on exports of automobiles from Japan to the United States. As trade policies go, this one was important. At about the same time, though to much less fanfare, international trade theorists were obtaining (then) startling results from models of international trade in imperfectly competitive markets. These models suggested that in imperfectly competitive markets, an activist trade policy might enhance national welfare. In this paper, we provide some empirical evidence on whether these new theoretical possibilities might actually apply to the policy of VERs.

Notes:

Print version record

August 1995.