Nicita, Alessandro; Olarreaga, Marcelo; Silva, Peri - C.E.P.R. Discussion Papers - 2013
A rationale for cooperation in trade negotiations is the internalization of terms-of-trade externalities. With the help … extent of cooperation re ected in WTO members' tariffs. Because many members of the WTO apply tariffs well below the …-cooperative tariff setting is only observed in the presence of sufficiently large amounts of tariff water, suggesting that cooperation in …