since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … gains for Germany (3.5%), Europe (3.9%), and the world (1.6%), but that it could also harm third countries …

This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an …

rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …

the threshold the opposite is true. Moreover, in a world without full learning (i.e. partial and no learning), risk … role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …

risk neutral investors are sensitive with respect to capital tax risk and may react in a surprising manner to a newly …, high capital tax risk delays high-risk innovative investment projects. To reduce unintended consequences of uncertain tax …