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Adverse Selection in Credit Markets and Infant Industry Protection

Flam, Harry - 1989

This paper considers the role for infant industry protection when credit markets suffer from adverse risk selection. We show that asymmetric information about firm-specific risk leads to under-funding of the infant industry in a competitive credit market. A small amount of infant industry...

Persistent link: https://www.econbiz.de/10012476192

Strategic Trade, Competitive Industries and Agricultural Trade Disputes

Bagwell, Kyle - 2000

The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these … predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the … theory is augmented to allow for politically-motivated governments, so that the sign of export policy may be converted from …

Persistent link: https://www.econbiz.de/10012470921

International Trade and Domestic Regulation

Staiger, Robert W. - 2009

Existing formal models of the relationship between trade policy and regulatory policy suggest the potential for a regulatory race to the bottom. WTO rules and disputes, however, center on complaints about excessively stringent regulations. This paper bridges the gap between the existing formal...

Persistent link: https://www.econbiz.de/10012463108

Breach, Remedies and Dispute Settlement in Trade Agreements

Maggi, Giovanni - 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/10012463189

Delocation and Trade Agreements in Imperfectly Competitive Markets

Bagwell, Kyle - 2009

results therefore indicate that the terms-of-trade theory of trade agreements applies to a broader set of market structures …

Persistent link: https://www.econbiz.de/10012463205

Profit Shifting and Trade Agreements in Imperfectly Competitive Markets

Bagwell, Kyle - 2009

When markets are imperfectly competitive, trade policies can alter the terms of trade, shift profits from one country to another, and moderate or exacerbate existing distortions that are associated with the presence of monopoly power. In light of the various ways in which trade policies may...

Persistent link: https://www.econbiz.de/10012463844

Offshoring and the Role of Trade Agreements

Antràs, Pol - 2008

The rise of offshoring of intermediate inputs raises important questions for commercial policy. Do the distinguishing features of offshoring introduce novel reasons for trade policy intervention? Does offshoring create new problems of global policy cooperation whose solutions require...

Persistent link: https://www.econbiz.de/10012464361

On the Role and Design of Dispute Settlement Procedures in International Trade Agreements

Maggi, Giovanni - 2008

Formal economic analysis of trade agreements typically treats disputes as synonymous with concerns about enforcement. But in reality, most WTO disputes involve disagreements of interpretation concerning the agreement, or instances where the agreement is simply silent. And some have suggested...

Persistent link: https://www.econbiz.de/10012464579

Enforcement, Private Political Pressure and the GATT/WTO Escape Clause

Bagwell, Kyle - 2004

We consider the design and implementation of international trade agreements when: (i) negotiations are undertaken and commitments made in the presence of uncertainty about future political pressures; (ii) governments possess private information about political pressures at the time that the...

Persistent link: https://www.econbiz.de/10012467700

Backward Stealing and Forward Manipulation in the WTO

Bagwell, Kyle - 2004

Motivated by the structure of WTO negotiations, we analyze a bargaining environment in which negotiations proceed bilaterally and sequentially under the most-favored-nation (MFN) principle. We identify backward-stealing and forward-manipulation problems that arise when governments bargain under...

Persistent link: https://www.econbiz.de/10012468273