Showing 1 - 10 of 22
I explore whether the world trading system of the twentieth century can be adapted to address the challenges of the …
Persistent link: https://www.econbiz.de/10012585431
What incentives do governments have to negotiate "new trade agreements," i.e., agreements that constrain not only governments' choices of tariffs, but also their domestic regulatory policies? We focus on horizontal product standards, i.e., those that impose requirements along a horizontal...
Persistent link: https://www.econbiz.de/10012480078
International investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute...
Persistent link: https://www.econbiz.de/10012481969
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
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
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …
Persistent link: https://www.econbiz.de/10012463204
perform in a world where offshoring is prevalent? In this paper we provide answers to these questions, and thereby initiate …
Persistent link: https://www.econbiz.de/10012464361
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
multilateral trade agreements in a world in which the addition of new and economically significant countries to the world trading …
Persistent link: https://www.econbiz.de/10012468273
International disputes over subsidies are increasingly disrupting the world trading system. The creation of the WTO was …
Persistent link: https://www.econbiz.de/10012468402