Bandyopadhyay, Subhayu; Wall, Howard J. - 2008
susceptibilities to lobbying and in their bargaining power within a customs union. In our model, a customs union never leads to lower …When trade policy is endogenously determined by lobbying, it matters whether countries are arranged into a customs … union or a free trade area. This paper compares the two regimes when the member governments are asymmetric in their …