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The Sensitivity of Strategic and Corrective R&D Policy in Oligopolistic Industries
Staiger, Robert W. - 1990
We evaluate the sensitivity of the case for an R&D subsidy in an export sector when the outcome of R&D is uncertain and when the resulting product market is oligopolistic. Investments in R&D are assumed to induce either first order or mean-preserving second order shifts in the distribution of a...
Persistent link: https://www.econbiz.de/10012475801
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Domestic Policies, National Sovereignty and International Economic Institutions
Bagwell, Kyle - 1999
To what extent must nations cede control over their economic and social policies if global efficiency is to be achieved in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor, the WTO) in the realm of labor and environmental...
Persistent link: https://www.econbiz.de/10012471491
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Multilateral Trade Negotiations, Bilateral Opportunism and the Rules of GATT
Bagwell, Kyle - 1999
Trade negotiations occur through time and between the governments of many countries. An important issue is thus whether the value of concessions that a government wins in a current negotiation may be eroded in a future bilateral negotiation to which it is not party. In the absence of rules that...
Persistent link: https://www.econbiz.de/10012471725
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Strategic Trade, Competitive Industries and Agricultural Trade Disputes
Bagwell, Kyle - 2000
The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these … predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the … theory is augmented to allow for politically-motivated governments, so that the sign of export policy may be converted from …
Persistent link: https://www.econbiz.de/10012470921
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International Trade and Domestic Regulation
Staiger, Robert W. - 2009
Existing formal models of the relationship between trade policy and regulatory policy suggest the potential for a regulatory race to the bottom. WTO rules and disputes, however, center on complaints about excessively stringent regulations. This paper bridges the gap between the existing formal...
Persistent link: https://www.econbiz.de/10012463108
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Breach, Remedies and Dispute Settlement in Trade Agreements
Maggi, Giovanni - 2009
We provide a simple but novel model of trade agreements that highlights the role of transaction costs, renegotiation and dispute settlement. The model allows us to characterize the appropriate remedy for breach and whether the agreement should be structured as a system of "property rights" or...
Persistent link: https://www.econbiz.de/10012463189
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Delocation and Trade Agreements in Imperfectly Competitive Markets
Bagwell, Kyle - 2009
results therefore indicate that the terms-of-trade theory of trade agreements applies to a broader set of market structures …
Persistent link: https://www.econbiz.de/10012463205
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Profit Shifting and Trade Agreements in Imperfectly Competitive Markets
Bagwell, Kyle - 2009
When markets are imperfectly competitive, trade policies can alter the terms of trade, shift profits from one country to another, and moderate or exacerbate existing distortions that are associated with the presence of monopoly power. In light of the various ways in which trade policies may...
Persistent link: https://www.econbiz.de/10012463844
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Offshoring and the Role of Trade Agreements
Antràs, Pol - 2008
The rise of offshoring of intermediate inputs raises important questions for commercial policy. Do the distinguishing features of offshoring introduce novel reasons for trade policy intervention? Does offshoring create new problems of global policy cooperation whose solutions require...
Persistent link: https://www.econbiz.de/10012464361
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On the Role and Design of Dispute Settlement Procedures in International Trade Agreements
Maggi, Giovanni - 2008
Formal economic analysis of trade agreements typically treats disputes as synonymous with concerns about enforcement. But in reality, most WTO disputes involve disagreements of interpretation concerning the agreement, or instances where the agreement is simply silent. And some have suggested...
Persistent link: https://www.econbiz.de/10012464579