Showing 1 - 10 of 21
membership into the world trading system, the WTO may face a "latecomers" problem that, while occurring also in earlier rounds …
Persistent link: https://www.econbiz.de/10013067007
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …
Persistent link: https://www.econbiz.de/10013150443
We explore the impact of the formation of regional free trade agreements on the ability of countries to maintain low cooperative multilateral tariffs. We assume that countries can not make binding international commitments, but are instead limited to self-enforcing arrangements. Specifically, we...
Persistent link: https://www.econbiz.de/10013224867
We consider a 3 country world in which each country's import market is served by competing exporters from its 2 trading …
Persistent link: https://www.econbiz.de/10013213422
What are the sovereign rights of nations in an interdependent world, and to what extent do these rights stand in the … role and design of international institutions as well as growing tension between globalization and the preservation of … (Nash) world in which there exist no international agreements of any kind. And with national sovereignty characterized in …
Persistent link: https://www.econbiz.de/10014073672
in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor …
Persistent link: https://www.econbiz.de/10013312480
Existing formal models of the relationship between trade policy and regulatory policy suggest the potential for a regulatory race to the bottom. WTO rules and disputes, however, center on complaints about excessively stringent regulations. This paper bridges the gap between the existing formal...
Persistent link: https://www.econbiz.de/10013153585
We provide a simple but novel model of trade agreements that highlights the role of transaction costs, renegotiation and dispute settlement. The model allows us to characterize the appropriate remedy for breach and whether the agreement should be structured as a system of "property rights" or...
Persistent link: https://www.econbiz.de/10013155118
perform in a world where offshoring is prevalent? In this paper we provide answers to these questions, and thereby initiate …
Persistent link: https://www.econbiz.de/10012758452
The existing economics literature on international trade agreements focuses on tariff agreements covering trade in goods, and offers an explanation for core features of the GATT. Tariffs play almost no role in services markets, however, and the existing models cannot account for the dramatically...
Persistent link: https://www.econbiz.de/10012976984