World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …

America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have … strong economic effects on Germany. In this paper, we put this trade policy initiative in its broader perspective. We argue … project could increase per capita income in Germany by between 1 and 3%. We critically question the need for investor …

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

tariffs ; retaliation ; tariff wars ; heterogeneous firms ; World Trade Organization ; Nash equilibrium …