Showing 1 - 10 of 31
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
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
We consider the design and implementation of international trade agreements when: (i) negotiations are undertaken and …
Persistent link: https://www.econbiz.de/10012467700
International disputes over subsidies are increasingly disrupting the world trading system. The creation of the WTO was … international rules that govern subsidies have received little attention in the form of systematic economic analysis. In this paper … we provide a first formal analysis of the international rules that govern the use of subsidies to domestic production (as …
Persistent link: https://www.econbiz.de/10012468402
We describe recent work on the theory of trade agreements that speaks to the purpose and design of GATT. Our discussion proceeds in three steps. First, we examine the purpose of a trade agreement. In both the traditional economic and the political-economy approaches to the study of trade...
Persistent link: https://www.econbiz.de/10012470726
What are the potential benefits from establishing international rules for the conduct of trade policy and how should …-war era, a period in which an elaborate system of international rules has evolved to facilitate the process of reciprocal … these questions. I attempt to accomplish three objectives: To describe the basic structure of international trade agreements …
Persistent link: https://www.econbiz.de/10012473937
Over the WTO years, the frequency of disputes and court rulings has trended downwards. Such trends are sometimes interpreted as symptoms of a dispute resolution system in decline. In this paper we propose a theory that can explain these trends as a result of judicial learning; thus according to...
Persistent link: https://www.econbiz.de/10012453937
What does economics have to say about the design of international trade agreements? We review a literature on this …
Persistent link: https://www.econbiz.de/10012456587