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Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy

Steven Berry (), James Levinsohn and Ariel Pakes ()

American Economic Review, 1999, vol. 89, issue 3, pages 400-430

Abstract: The authors evaluate the voluntary export restraint that was initially placed on exports of automobiles from Japan in 1981. They evaluate the impact this policy had on U.S. consumer welfare, firm profits, and foregone tariff revenue from its initiation through 1990.

Date: 1999
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