The traditional boundaries between trade policy and competition policy are becoming fuzzier and less valid because firms increasingly compete at the same time in many different markets and in different ways. The following article examines a number of policy areas in which trade policy has...

Even after the Uruguay Round overhaul, existing Gatt rules leave certain competition-distorting policies and practices unchecked. For various reasons the holes in the Gatt rules cannot be filled by the unilateral application of national competition regulations. It is therefore necessary to...

Over the last three decades, the value of Chinese trade has approximately doubled every four years. This rapid growth has transformed the country from a negligible player in world trade to the world's second largest exporter, as well as a substantial importer of raw materials, intermediate...

In this paper we consider a home government with political pressure to restrict trade, at the expense of foreigners. The foreign country is compensated with an income transfer, which can be thought of as a portion of the tariff revenues or quota rents. In this setting the two countries should...

We consider a two country trade model with production uncertainty. Ifcomplete contingent markets do not exist, it is desirable for governments toadopt some trade policies to share the production risk. A full informationpolicy involves income transfers across countries, which can be achieved...

This paper reviews empirical methods used to estimate the impact of trade policies under imperfect competition. We decompose the welfare effects of trade policy into four possible channels: (i) a deadweight loss from distorting consumption and production decisions; (ii) a possible gain from...