Market exchange is subject to an endogenously-determined level of predation which impedes specialization and gains from trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of equilibria may emerge, autarky (with no predation and no...

The present paper attempts to understand the various ramifications of the US TDA2000, the United States Congress initiated, particularly with respect to Bangladesh. The paper lays out the backdrop of the issue, various provisions of the US TDA2000, reviews the implications of the Act for...