Abstract
Against the background of the increasing proliferation of voluntary export restraint arrangements, a proposal put forward by the American economist C. F. Bergsten recommending an alternative system of auction quotas is currently the subject of international discussion. Our article gives a critical examination of this potential new instrument of international trade policy.
This is a preview of subscription content, log in via an institution to check access.
Similar content being viewed by others
References
Cf. H. Giersch (ed.): Free Trade in the World Economy: Towards an Opening of Markets, Tübingen 1987; D. Salvatore (ed.): The New Protectionist Threat to World Welfare, New York/Amsterdam/ London 1987.
Cf. K. Borchardt: Protektionismus im historischen Rückblick, in: A. Gutowski (ed.): Der Neue Protektionismus, Hamburg 1984, p. 40.
Cf. E. U. Petersmann: Grey Area Policy and the Rule of Law, in: Journal of World Trade, Vol. 22, No. 2, 1988, pp. 23–44; M. Kostecki: Export-restraint Arrangements and Trade Liberalization, in: The World Economy, Vol. 10, No. 4, 1987, pp. 425–453.
Cf. GATT: Review of Developments in the Trading System, Geneva 1988 ff.
Cf. M. Kostecki, op. cit. Export-restraint Arrangements and Trade Liberalization, in: The World Economy, Vol. 10, No. 4, 1987, p. 429.
W. Gaab, A. Giesek: Freiwillige Exportselbstbeschränkungsabkommen, in: Das Wirtschaftsstudium, No. 8/9, 1988, p. 486.
Cf., among others, C. Hamilton: Economic Aspects of Voluntary Export Restraints, in: D. Greenaway: Current Issues in International Trade, London 1985, pp. 99–117; K. Jones: The Political Economy of Voluntary Export Restraint Agreements, in: Kyklos, Vol. 37, 1984, pp. 82–101.
C. F. Bergsten: Reform Trade Policy with Auction Quotas, in: Challenge, May/June 1987, Vol. 30, No. 2, p. 10.
C. F. Bergsten et al.: Auction Quotas and United States Trade Policy, Washington, D.C., 1987, p. 49.
Cf. W. Takacz: Economic Aspects of Quota License Auctions, in: Journal of World Trade, Vol. 2, No. 6, 1988, p. 39; C. Hamilton: ASEAN Systems for Allocation of Export Licences under VERs, in: C. Findlay, R. Garnout: The Political Economy of Manufacturing Protection: Experiences of ASEAN and Australia, Winchester, Mass., 1986, pp. 235–247.
Cf. C. F. Bergsten et al., op. cit. Reform Trade Policy with Auction Quotas, in: Challenge, May/June 1987, Vol. 30, No. 2, p. 10., ch. 8; W. E. Takacz, op. cit. Economic Aspects of Quota License Auctions, in: Journal of World Trade, Vol. 2, No. 6, 1988, pp. 47–50.
Cf. W. Vickrey: Counterspeculation, Auctions, and Competitive Sealed Tenders, in: Journal of Finance, Vol. 61, No. 1, 1961, pp. 8–37.
Cf. L. M. Baughman: Auctioning of Quotas: Lots of Pain for Little Gain, in: The World Economy, Vol. 11, No. 3, 1988, pp. 397–415; E. J. Milosh: Auctioning of World Trade, in: Journal of Commerce, 6th February, 1987, p. 15A; B. Stokes: Selling Quotas, in: National Journal, 14th February, 1987, pp. 370–73; W.E. Takacz, op. cit. Economic Aspects of Quota License Auctions, in: Journal of World Trade, Vol. 2, No. 6, 1988, pp. 40–42.
See C. F. Bergsten, op. cit. Reform Trade Policy with Auction Quotas, in: Challenge, May/June 1987, Vol. 30, No. 2, p. 7.
Cf. E.U. Petersmann, op. cit., Grey Area Policy and the Rule of Law, in: Journal of World Trade, Vol. 22, No. 2, 1988, p. 35.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Gatzke, W. Is there an alternative to voluntary export restraint arrangements?. Intereconomics 24, 216–220 (1989). https://doi.org/10.1007/BF02928637
Issue Date:
DOI: https://doi.org/10.1007/BF02928637