Cotter, Kevin D; Mitchell, Shannon K - In: Review of International Economics 5 (1997) 3, pp. 348-72
The institutional features of the World Trade Organization motivate the use of renegotiation-proofness as an equilibrium concept in repeated tariff-setting games. This paper shows the existence of a renegotiation-proof equilibrium that reduces tariffs below the noncooperative level. It is found...