Gervais, Jean-Philippe - In: The Journal of International Trade & Economic Development 10 (2001) 1, pp. 1-21
. This is the constant dilemma faced by prospective WTO members. We assume production in both importing countries is subject … degree of uncertainty in production. However, an importing country is likely to commit to a trade policy in equilibrium … ex-ante import level while the other chooses the flexibility option can emerge. In this setting, international trade …