Hadjiyiannis, Costas; Heracleous, Maria S.; Tabakis, … - 2014
), but could render the eruption of war between member and non-member countries more likely (peace diversion). This paper is …-stage game with three competing importers, where fi rst, two of the countries decide on whether to initiate war against each … other, and subsequently, all three countries select their import tariffs. We show that PTAs produce both a "peace …