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Trade Agreements and Enforcement: Evidence from WTO Dispute Settlement

Bown, Chad P.; Reynolds, Kara M. - C.E.P.R. Discussion Papers - 2015

This paper examines implications of the terms-of-trade theory for the determinants of outcomes arising under the enforcement provisions of international agreements. Like original trade agreement negotiations, we model formal trade dispute negotiations as potentially addressing the terms-of-trade...

Persistent link: https://www.econbiz.de/10011272711

Tariff Retaliation versus Financial Compensation in the Enforcement of International Trade Agreements

Limão, Nuno; Saggi, Kamal - C.E.P.R. Discussion Papers - 2006

We analyze whether financial compensation is preferable to the current system of dispute settlement in the World Trade Organization that permits member countries to impose retaliatory tariffs in response to trade violations committed by other members. We show that monetary fines are more...

Persistent link: https://www.econbiz.de/10005656251

Breach, Remedies and Dispute Settlement in Trade Agreements

Maggi, Giovanni; Staiger, Robert - C.E.P.R. Discussion Papers - 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/10008567801

Bite the Bullet: Trade Retaliation, EU Jurisprudence and the Law and Economics of ‘Taking One for the Team’

Hoekman, Bernard; Mavroidis, Petros C - C.E.P.R. Discussion Papers - 2013

This paper discusses the Fedon case law of the European Court of Justice (ECJ), which involved a claim for compensation by Fedon (an Italian producer of eye glass cases) from the EU for the imposition of WTO-authorized retaliatory trade barriers by the United States following the failure by the...

Persistent link: https://www.econbiz.de/10011084063

Trade Flows and Trade Disputes

Bown, Chad P.; Reynolds, Kara M. - C.E.P.R. Discussion Papers - 2014

This paper introduces a new data set and establishes a set of basic facts and patterns regarding the ‘trade’ that countries fight about under WTO dispute settlement. It characterizes the scope of products, as well as the levels of and changes to the trade values, market shares, volumes, and...

Persistent link: https://www.econbiz.de/10011084155

Is The Use Of The WTO Dispute Settlement System Biased?

Horn, Henrik; Mavroidis, Petros C; Nordström, Håkan - C.E.P.R. Discussion Papers - 1999

, for example, because of a lack of legal capacities and retaliatory power. This paper shows that a simple model in which …. Differences in legal capacities appear to play some role, while 'power' considerations do not seem to matter. …

Persistent link: https://www.econbiz.de/10005788915

Developing Countries and Enforcement of Trade Agreements: Why Dispute Settlement Is Not Enough

Bown, Chad P.; Hoekman, Bernard - C.E.P.R. Discussion Papers - 2007

Poor countries are rarely challenged in formal WTO trade disputes for failing to live up to commitments, reducing the benefits of their participation in international trade agreements. This paper examines the political-economic causes of the failure to challenge poor countries and discusses the...

Persistent link: https://www.econbiz.de/10005788988

Peculiarities of Retaliation in WTO Dispute Settlement

Anderson, Kym - C.E.P.R. Discussion Papers - 2002

The dispute resolution procedures of the World Trade Organization allow sanctions to be imposed when a country is unwilling to bring a WTO-inconsistent trade measure into conformity. Apart from the fact that the procedure for triggering the retaliation process has ambiguities that need to be...

Persistent link: https://www.econbiz.de/10005791897

Media Freedom, Bureaucratic Incentives and the Resource Curse

Egorov, Georgy; Guriev, Sergei; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2006

How can a non-democratic ruler provide proper incentives for state bureaucracy? In the absence of competitive elections …

Persistent link: https://www.econbiz.de/10005123655

Bureaucracy as a Mechanism to Generate Information

Novaes, Walter; Zingales, Luigi - C.E.P.R. Discussion Papers - 2003

Paper argues that the thin line between efficient management practices and inefficient bureaucracy is crossed to curb … managerial agency costs in a multi-layer hierarchy. The model predicts that bureaucracy increases with the frequency of … managerial turnover, and it establishes a link between bureaucracy, incentive schemes, and leverage in a cross-section of firms. …

Persistent link: https://www.econbiz.de/10005504447