Schiff, Schiff , Maurice - In: Journal of Economic Integration 29 (2014), pp. 430-449
negotiations and may benefit from bloc formation and intra-bloc migration. Policies are examined in a model where a bloc’s size and … welfare impact are determined by international and regional negotiation costs, bargaining power, accession rule, and intra …-bloc migration. The main findings are: (i) bloc formation likelihood, size, and benefit increase with international negotiation costs …