By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we …

By combining two large data sets (on international trade flows and cross-border mergers and acquisitions - M&As), we …

We examine the setting of national competition policy in a two-country setting,emphasizing the relationship of trade to … equilibrium distributional effects of competition policy, therelationship of national competition policy to terms-of-trade gains … and losses,the implications of distinct national markets linked through trade (thestarting point for all trade theorists …

We study the optimal trade policy against a foreign oligopoly withendogenous quality. We show that, under the Most … Favoured Nation(MFN) clause, a uniform tariff policy is always welfare improvingover the free trade equilibrium. However, a … low-quality product and a tax onhigh-quality one. Another example of such a nonuniform tariff policyis a Regional Trade …

This paper focuses on ignored issues regarding the impact of trade reforms in transition economies. These economies are … and international trade. First, we show that trade liberalization in transition economies reduces the output of local … firms. Second, neither free trade nor zero subsidy is optimal. There exists a rationale for infant-industry protection in …

The Dispute Settlement (DS) system is a central feature of the World Trade Organization (WTO) Agreement. This …

We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may … be incomplete. Inspite of its simplicity, the model yields rich predictions on the structure of the optimal trade … explicitly into account can help explain a number of key features of real trade agreements. …