The authors propose a methodological extension of quantitative "cost of protection" analyses to consider elementary game-theoretic aspects of the policy process. They illustrate these ideas by evaluating size propositions: nations can "win" trade wars; multilateral negotiations that "merely...

The effects of the Uruguay Round are quantified using a numerical general equilibrium model which incorporates increasing returns to scale, twenty-four regions, twenty-two commodities, and steady state growth effects. The authors conclude that the aggregate welfare gains from the Round are in...

The theoretical literature on the search behavior of workers and consumers typically considers three search strategies. These strategies are characterized by alternative assumptions about the temporal and atemporal intensity of search. The first strategy is an atemporally intensive...