Several of the recently negotiated regional trade agreements contain significantly fewer concessions by the large countries to smaller countries than vice versa. In this paper, we compute post-retaliation Nash tariffs by region under various regional trade arrangements using a calibrated...

We examine how trade liberalization by a large trading partner affects the ability of a small country's government to sustain free trade through a reputational mechanism. Unconditional liberalization by the large trading partner has an ambiguous effect on the small country's dynamic incentives....

This paper develops a numerical general equilibrium model of the world economy with local and global environmental externalities. The model is then used to investigate the relationship between trade and the environment. The authors' results suggest that international trade has little impact on...