Dockner, Engelbert J.; Haug, Alfred A. - In: Canadian Journal of Economics 24 (1991) 3, pp. 679-85
This paper examines the effects of voluntary export restraints in a dynamic game model of duopolistic competition. It is shown that the imposition of a voluntary export restraint at the free-trade level of imports increases the market price and the profits of all firms in the industry if free...