This paper examines the effects of commercial policy and the qualit y of imports that are supplied by a multiproduct foreign monopolist. Th e author finds that a specific quota on some imported products leads to upgrading of the quality of imports and enhances national welfare. A specific...

This paper examines the implications of different pricing-cum-invoicing strategies available to an exporting firm that sells its product in domestic and foreign markets when the exchange rate is uncertain. The firms' decisions are made sequentially. Throughout the decision-making process, the...

This paper demonstrates that voluntary export restraints may be socially desirable to upgrade the quality of export products. When informational externalities in the recognition of quality result in suboptimal production of quality by competitive firms and the enforcement of socially desirable...