developed countries (LDCs), both directly and through the price-depressing effect of agricultural support policies. High tariffs … the impact of a 50 percent cut in tariffs and a 50 cut in domestic support for LDCs as compared to non-LDC developing …

intellectual property rights (IPRs). We show that such an agreement arises in equilibrium if South's imitative capacity is neither … sustaining cooperation. We also analyze whether and how the availability of the second instrument affects cooperation given that …

distribution into three main components: efficiency, amenities, and frictions. Higher efficiency and better amenities lead to … MSAs in the United States, we parametrize the model and empirically estimate efficiency, amenities and frictions …

an attempt to manipulate security prices to their benefit. This leads to incomplete risk-sharing, despite the existence … of complete markets and the absence of aggregate risk. When a fiscal union centralizes fiscal policy, security prices can …