Most literature suggests that voluntary export restraints (VER) are not very harmful for the exporting country. This paper argues that this view is misconceived. Most work has focused on the welfare loss to the importing country arising from a loss of income transfer combined with a distortionary loss in efficiency. Implicit is the message that the often large rent transfer to the exporting country is likely to compensate for any induced inefficiency...
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INFORMATION
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1990/01/31
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Document de travail de recherche sur les politiques
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WPS326
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1
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1
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2010/07/01
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Do exporters gain from voluntary export restraints?
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price elasticity of demand
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