Facchini, Giovanni; Silva, Peri; Willmann, Gerald - Dipartimento di Economia, Management e Metodi … - 2008
The number of preferential trade agreements has greatly increased over the past two decades, yet most existing … bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged … customs unions. This paper develops a political economy model of trade policy under imperfect competition to provide a …