We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may … be incomplete. Inspite of its simplicity, the model yields rich predictions on the structure of the optimal trade … explicitly into account can help explain a number of key features of real trade agreements. …

Trading nations exchange tariff concessions in the context of trade liberalizing rounds. Tariffs, nonetheless, are not … international community. In this paper, we focus on the interaction between trade and environment. The purpose of this study is to …