Dinopoulos, Elias; Kreinin, Mordechai E - In: The Review of Economics and Statistics 70 (1988) 3, pp. 484-91
This paper highlights the impact of voluntary export restrictions (VERs) on the nonrestricted supplier by investigating the effect of the U.S.-Japan auto VER on the behavior of European producers. Using three independent approaches (supply functions, hedonic regressions, and casual evidence), it...