preferential trading agreement (PTA), distinguishing between free trade areas (FTA) and customs unions (CU). Our theoretical … analysis suggests that income inequality and bilateral trade imbalances are important factors in determining the formation of … to these predictions: Income inequality and trade imbalances both reduce the likelihood of PTA formation, while …

This paper develops an efficiency theory of contingent trade policies. We model the competition for a domestic market … distributions are asymmetric because the foreign firm has to pay a trade cost. We show that the foreign firm prices more … contingent trade policy on efficiency grounds. Contingent trade policy that seeks to maximize global welfare can avoid the …

The number of preferential trade agreements has greatly increased over the past two decades, yet most existing … 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 positive explanation …

We develop a new model of trade in which educational institutions drive comparative advantage and determine the … support of human capital choices to demonstrate that freer trade can induce crowding out of the middle occupations towards the … gains from trade may be non-monotonic in workers’ ability, and middle ability agents can lose the most from trade …

This paper explores the role of pooled-producer, e.g. private label, trade intermediation in shaping the range and … diversity of exports. Direct sales maintain a firm’s unique product characteristics (‘brand equity’), whereas trade through an … trade variety for volume, firms face greater competition from the new pooled-products, and intermediaries capture much of …

This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in …

This paper explores the role of pooled-producer, e.g. private label, trade intermediation n shaping the range and … diversity of exports. Direct sales maintain a firm's unique product characteristics (`brand equity'), whereas trade through an … trade variety for volume, firms face greater competition from the new pooled-products, and intermediaries capture much of …

This paper develops an efficiency theory of contingent trade policies. We model the competition for a domestic market … distributions are asymmetric because the foreign firm incurs a trade cost to serve the domestic market. We show that the foreign …, justifying the use of contingent trade policy on efficiency grounds. Despite an environment of asymmetric information, contingent …

This paper explores the role of pooled-producer, e.g. private label, trade intermediation in shaping the range and … diversity of exports. Direct sales maintain a firm's unique product characteristics (`brand equity'), whereas trade through an … trade variety for volume, firms face greater competition from the new pooled-products, and intermediaries capture much of …

We develop a new model of trade in which educational institutions drive comparative advantage and determine the … support of human capital choices to demonstrate that freer trade can induce crowding out of the middle occupations towards the … gains from trade may be non-monotonic in workers' ability, and middle ability agents can lose the most from trade …