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multilateral cooperation when countries are linked by international trade flows and transboundary pollution. …
Persistent link: https://www.econbiz.de/10005583073
conflicts. Trade and democracy are traditionally thought of as goods, both in themselves, and because they reduce the …
Persistent link: https://www.econbiz.de/10005747064
We examine the endogenous formation of trade blocs when markets are characterized by imperfect competition and … simple model of intra-industry trade between three ex-ante symmetric countries, we find that, while 'pure' customs unions … - entailing tariff cooperation only - are stepping stones towards global free trade, 'impure' customs unions - involving the …
Persistent link: https://www.econbiz.de/10005747071
This paper illustrates that an international permit trading system may hurt relatively poor countries by making associated economic activities unaffordable. A model is constructed in which the free market solution is Pareto inefficient as a result of pollution. The introduction of tradable...
Persistent link: https://www.econbiz.de/10005747178