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Motivated by discussions at the World Trade Organization (WTO) on multilateral disciplines with respect to competition law, Hoekman and Saggi develop a two-country model that explores the incentives of a developing country to offer increased market access (by way of a tariff reduction) in...
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In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...
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In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...
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