𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Product differentiation, voluntary export restraints, and profits

✍ Scribed by Chi-Chur Chao; Eden S. H. Yu


Book ID
102659697
Publisher
John Wiley and Sons
Year
1996
Tongue
English
Weight
597 KB
Volume
17
Category
Article
ISSN
0143-6570

No coin nor oath required. For personal study only.

✦ Synopsis


Using a duopoly model of product differentiation with consistent conjectures, we show that, compared with the free-trade equilibrium, voluntary export restraints improve the profits of both the foreign firm and the home firm in both quantity and price competition. The changes in profits of the foreign firm depend on the degree of product differentiation and the nature of competition.


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