Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy

Steven Berry; James Levinsohn; Ariel Pakes

doi:10.1257/aer.89.3.400

American Economic Review Vol. 89 No. 3 1999

Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy

Steven Berry¹; James Levinsohn²; Ariel Pakes¹

¹ Department of Economics, Yale University, 37 Hillhouse Avenue, New Haven, CT 06520. · ² Department of Economics, University of Michigan, Ann Arbor, MI 48109.

Abstract

We evaluate the voluntary export restraint (VER) that was initially placed on exports of automobiles from Japan in 1981. We evaluate the impact this policy had on U.S. consumer welfare, firm profits, and forgone tariff revenue from its initiation through 1990.

DOI: 10.1257/aer.89.3.400
Volume: 89
Issue: 3
Pages: 400-431
Language: en
Sources: bibtex:phds-export.bib openalex crossref

Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy

Abstract

Cite