Voluntary Export Restraints and Economic Welfare: A General Equilibrium Analysis |
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| Authors: | Murray C Kemp Koji Shimomura & Masayuki Okawa |
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| Institution: | University of New South Wales,;Kobe University,;Aichi University |
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| Abstract: | We derive some sufficient conditions for the Suzumura-Ishikawa proposition on voluntary export restraints to hold when their model is extended to a general equilibrium framework. The sufficient conditions are concerned with the magnitude of income effects which play no role in the partial-equilibrium analysis of Suzumura and Ishikawa. |
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