摘要:

Abstract.The three substantive sections of this survey deal with the economic consequences of voluntary export restraint agreements (VERs), e.g. the Multi‐Fibre Arrangement and VERs on Japanese auto exports. Section 2 focuses on the disposition of quota rents under the assumptions of perfectly competitive markets and the absence of substitute suppliers. Section 3 considers imperfect competition and the role of VERs as cartelization instruments, facilitating collusion. Section 4 analyzes the discriminatory effects of VERs when there are third country suppliers. A broad conclusion is that the economic consequences of VERs are more complex than the standard trade policy analysis based on tariffs because of the issues discussed in Sections 3 and

ISSN:0950-0804    

DOI:10.1111/j.1467-6419.1989.tb00067.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

Abstract.This paper reviews the recent developments in the economics of industry with respect to strategic entry deterrence. Starting from Bain's (1956) classical analysis, a simple two‐stage game between an incumbent firm and a potential entrant is used to present the general structure of the entry deterrence problem. Commitments, credible threat and sub‐game perfection are illustrated in this context. The various strategic variables that an incumbent firm can use to bar entry are discussed. The issue of whether a group of incumbents can non‐cooperatively deter entry is taken up and some empirical evidence is rev

ISSN:0950-0804    

DOI:10.1111/j.1467-6419.1989.tb00068.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

Abstract.Contingent valuation is a technique being developed by economists for the valuation of environmental commodities not traded in markets. This paper discusses the major problem areas associated with this method of value estimation. These comprise bias (strategic, hypothetical and design biases); the discrepancy between willingness‐to‐pay and compensation demanded; the aggregation procedure; the choice of question format; and non‐use values. Some evidence from comparative studies is reported, and comments made on the accuracy of contingent valuation answers, Finally, the conditions under which contingent valuation seems to operate best are se

ISSN:0950-0804    

DOI:10.1111/j.1467-6419.1989.tb00069.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

ISSN:0950-0804    

DOI:10.1111/j.1467-6419.1989.tb00070.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

Books reviewed in this article:Geoffrey Hodgson (1988) Economics and Institutions.Pat Devine (1988)Democracy and Economic Planning.

ISSN:0950-0804    

DOI:10.1111/j.1467-6419.1989.tb00071.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY