This paper analyzes the effect of uncertainty on output and export of a price-discriminating firm which sells its produce both in domestic and world markets. It is shown that under some conditions exports increase when uncertainty is introduced. In the presence of forward markets a "separation...

This paper uses a partial equilibrium analysis to show that a partial trade liberalization may reduce a country's welfare due to a loss in monopolistic rent if it is carried out by a quota. The quota can be set by either the foreign or domestic government (it is considered as a voluntary export...