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In this paper we consider a home government with political pressure to restrict trade, at the expense of foreigners. The foreign country is compensated with an income transfer, which can be thought of as a portion of the tariff revenues or quota rents. In this setting the two countries should...
Persistent link: https://www.econbiz.de/10012760276
fundamentals but also of political variables at the time of congressional negotiations - some of them random realizations of mixed …
Persistent link: https://www.econbiz.de/10013121949
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This paper develops a model to analyze information aggregation in commodity markets. Through centralized trading, commodity prices aggregate dispersed information about the strength of the global economy among goods producers whose production has complementarity, and serve as price signals to...
Persistent link: https://www.econbiz.de/10013084735
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
Persistent link: https://www.econbiz.de/10012992145
Motivated by the structure of WTO negotiations, we analyze a bargaining environment in which negotiations proceed … multilateral trade agreements in a world in which the addition of new and economically significant countries to the world trading …
Persistent link: https://www.econbiz.de/10013222657
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Policy Research Centre "Towards an Open World Economy". The following article analyses and criticises the main proposals of …
Persistent link: https://www.econbiz.de/10011557909
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