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. …

) in NT disputes. The purpose of this paper is to examine the role of this burden for trade liberalization and for the …

The National Treatment clause (NT) is the first-line defense in the GATT (and in most other trade agreements) against …. Furthermore, it requires a high degree of economic sophistication on behalf of trade negotiators in order for this beneficial …

role of NT in the General Agreement on Tariffs and Trade (GATT) from the perspective of economic theory. Having established …, here we focus on the understanding of the key terms implementing the purpose of NT by GATT and World Trade Organization …

This study is part of The American Law Institute (ALI) project Legal and Economic Principles of World Trade Law. The … project aims to analyze the central instrument in the World Trade Organization (WTO) Agreement for the regulation of trade in … goods – The General Agreement on Tariffs and Trade GATT). The present study is one of two background studies for this …