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Contingent Protection as Better Insurance
Fischer, Ronald D. - 1999
all, but rather might entail an export tax. We also show that a tax cum subsidy policy (i.e., taxing all sectors in order …
Persistent link: https://www.econbiz.de/10012471874
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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
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GATT-Think
Bagwell, Kyle - 2000
We describe recent work on the theory of trade agreements that speaks to the purpose and design of GATT. Our discussion … review therefore offers support for the (politically-augmented) terms-of-trade theory as an appropriate framework within …
Persistent link: https://www.econbiz.de/10012470726
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Fair Trade Agreements
Passarelli, Francesco; Staiger, Robert W. - National Bureau of Economic Research - 2024
The legitimacy of the world trading system is under growing attack, as challenges to its conformity with norms of fairness and social justice are increasingly voiced by citizens and their governments around the world. Taking a novel "bottom up" approach to concerns for fairness, we show how...
Persistent link: https://www.econbiz.de/10015056179
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A World Trading System for the Twenty-First Century
Staiger, Robert W. - National Bureau of Economic Research - 2021
that are sometimes identified as warranting changes in the design of the GATT/WTO. I argue that the "terms-of-trade" theory …
Persistent link: https://www.econbiz.de/10012585431
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Does Digital Trade Change the Purpose of a Trade Agreement?
Staiger, Robert W. - National Bureau of Economic Research - 2021
The design of a trade agreement should reflect its purpose. Does digital trade change the purpose of a trade agreement? To explore this question, I first describe the definitional and classification issues associated with digital trade, and for modeling purposes I adopt a simple taxonomy of the...
Persistent link: https://www.econbiz.de/10012794606
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Are Free Trade Agreements Contagious?
Baldwin, Richard - 2010
This paper presents a new model of the domino effect which is used to generate an empirical index of how "contagious" FTAs are with respect to third nations. We test our contagion hypothesis together with alternative specifications of interdependence and other political, economical and...
Persistent link: https://www.econbiz.de/10012462571
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The Economics of Trade Agreements in the Linear Cournot Delocation Model
Bagwell, Kyle - 2009
Existing theories of trade agreements suggest that GATT/WTO efforts to reign in export subsidies represent an inefficient victory for exporting governments that comes at the expense of importing governments. Building from the Cournot delocation model first introduced by Venables (1985), we...
Persistent link: https://www.econbiz.de/10012463157
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The WTO : Theory and Practice
Bagwell, Kyle - 2009
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent developments in the relevant theoretical and empirical literature. And we describe the GATT/WTO architecture and briefly trace its historical antecedents. We suggest that the...
Persistent link: https://www.econbiz.de/10012463204
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What Do Trade Negotiators Negotiate About? Empirical Evidence from the World Trade Organization
Bagwell, Kyle - 2006
that offer an answer to this question: the terms-of-trade theory and the commitment theory. The terms-of-trade theory holds …' Dilemma. The commitment theory holds that trade agreements are useful to governments as a means of helping them make … World Trade Organization. We find broad support for the terms-of-trade theory in the data. We claim more tentatively to find …
Persistent link: https://www.econbiz.de/10012465933