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Persistent link: https://www.econbiz.de/10008841995
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/10013222657
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/10013227740
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/10013150442
Despite the important roel played by GATT in the world economy, economist have nto developed a unified theoretical …
Persistent link: https://www.econbiz.de/10013219697
GATT and its successor, the WTO. We show that GATT's principle of reciprocity serves to neutralize the world-price effects … provided that the externa- lities associated with trade intervention travel through world prices. We then establish that …
Persistent link: https://www.econbiz.de/10013239353
We consider a 3 country world in which each country's import market is served by competing exporters from its 2 trading …
Persistent link: https://www.econbiz.de/10013213422
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/10013311655