To help predict whether the proliferation of free trade agreements (FTAs) continues until global free trade is effectively attained, this paper investigates dynamic paths of FTAs, generated by numerical simulations of a model of an FTA network formation game with many countries. The...

International cooperation in trade policies under the auspices of the WTO makes countries "feel" more obliged to uphold agreements. The paper emphasizes the role of the WTO to give moral support: countries incur "psychological costs" when they renege on the agreements that are formally signed...