The formula approach used in many trade negotiations involves large formula cuts in high tariffs, with flexibilities … problems. We use a politicaleconomy welfare function and detailed data on the current WTO agricultural negotiations to assess …

Many countries adjust their trade policies countercyclically with food prices, to the extent that the use by numerous … trade policies are inconsistent with the terms-of-trade motivation often retained to characterize the payoff frontier of … self-enforcing trade agreements, as they can worsen the terms of trade of the countries that apply them. This paper …

We study the impact of transnational terrorism diffusion on security and trade. We set a simple theoretical model … predicting that the closer a country to a source of terrorism, the higher the negative spillovers on its trade. The idea is that … security measures, which impede trade, are directed both against the source country of terror and its neighbor countries where …