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What does economics have to say about the design of international trade agreements? We review a literature on this question, providing detailed coverage on three key design features of the GATT/WTO: reciprocity, nondiscrimination as embodied in the MFN principle, and tariff bindings and binding...
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ausgewählten Grundlagen der reinen Theorie der Außenwirtschaft, Grundlagen der Zollpolitik bzw. des Protektionismus sowie der …
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International competitiveness is often regarded as crucial for the attainment of gains from trade, which may lead policy makers to subsidize exports. This view is based on confusion between the concepts of competitive and comparative advantage. The paper argues that when comparative advantage is...
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. Bewley (ed) (ed.), Advances in Economic Theory: Fifth World Congress, Chapter 9, Cambridge: Cambridge University Press, 329 … Bagwell and Robert W. Staiger (1999), 'An Economic Theory of GATT', American Economic Review, 89 (1), March, 215-48 … International Economics, 12 (3), 303-20 -- Warren F. Schwartz and Alan O. Sykes (1996), 'Toward a Positive Theory of the Most …
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