Zhang, Jin; Cui, Zhiwei; Zu, Lei - In: Journal of Economic Dynamics and Control 38 (2014) C, pp. 72-86
This paper considers the evolutionary dynamics of a free trade agreement (FTA) network formation game among N countries. We first explore the static model introduced by Goyal and Joshi (2006) and precisely characterize the set of pairwise stable FTA networks. Then, we develop a dynamic model...
