Quality upgrading through product mix change has been observed for products subject to VERs. The theoretical justification for this observation relies on a number of assumptions including freely transferable export quota licenses among firms and/or costless product mix change. This paper reviews alternative settings and objectives, deriving in each case conditions for product mix change. Among the results we establish is that observed quality upgrading...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1987/01/31
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Рабочий документ департамента
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DRD214
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1
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1
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2013/06/05
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Disclosed
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Export mix adjustment to the imposition of voluntary export restraints (VERs) : alternative license allocation schemes
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Canadian Journal of Economics
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