currently applied tariffs are “too high,” the implication being that there are still tariff reductions out there for an … agreement like the WTO to facilitate. These three areas include applied tariffs for countries that are not members of the WTO …, applied tariffs for WTO members that are unbound, and applied tariffs for WTO members set in the presence of large amounts of …

When Vietnam entered WTO in 2007 it was granted an accession period up to 2014. During this period tariffs would have …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to … iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of … quantification based on countries' observed degrees of openness, tariff revenues, and on the gravity elasticities of tariffs and …

-unconstrained tariffs to enhance the size and performance of self-enforcing IEAs. We show that the size of stable IEAs shrinks when climate … coalitions are Stackelberg leaders and set tariffs in addition to their cap-and-trade schemes. Surprisingly, these smaller IEAs … reduce total emissions more effectively than the larger stable IEAs without tariffs. In the model with tariffs the signatory …