WHEN ARE VOLUNTARY EXPORT RESTRAINTS VOLUNTARY? A DIFFERENTIAL GAME APPROACH

被引：3

作者：

Fujiwara, Kenji ^{[1
]}

机构：

[1] Kwansei Gakuin Univ, Sch Econ, Nishinomiya, Hyogo 6628501, Japan

来源：

AUSTRALIAN ECONOMIC PAPERS | 2010年 / 49卷 / 02期

关键词：

DYNAMIC DUOPOLISTIC COMPETITION; INTERNATIONAL POLLUTION-CONTROL; STICKY PRICES; NONCOOPERATIVE STRATEGIES; NONLINEAR STRATEGIES; CLOSED-LOOP; OLIGOPOLY; FEEDBACK; TRADE; MODEL;

D O I：

10.1111/j.1467-8454.2010.00390.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We revisit voluntariness of voluntary export restraints (VERs) in a differential game model of duopoly with sticky prices. We show that a VER set at the free trade level has no effect on equilibrium under open-loop strategies while the same policy results in a smaller profit for the exporting firm, i.e. it is involuntary under a non-linear feedback strategy. Moreover, we prove an extended proposition of Dockner and Haug (1991) on voluntariness of VERs under a linear feedback strategy.

引用

页码：101 / 110

页数：10

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