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of nternational trade negotiations. We show that in order to realize the intended transfer in the presence of asymmetric … information on the states of recipients (and donors), a transfer process uses up additional resources. The difficulty of making …
Persistent link: https://www.econbiz.de/10005558465
How do democratic institutions influence international trade policy? This article highlights conceptual challenges confronting the study of democracy and trade. Using a game theoretic model, I aim to spell out the precise effect of democratic legislative constraints on trade. In contrast to the...
Persistent link: https://www.econbiz.de/10010778003
Physical considerations alone cannot explain the volatile behavior of resource prices, or the effects these have on different regions of the world. An optimization analysis may not suffice either, since typically there are several distinct objectives: conservation, cost-minimization, and the...
Persistent link: https://www.econbiz.de/10005617074
Over the past 50 years, the European Union (EU) has dramatically increased its policy-making power. However, there remains considerable variation over time as well as across policy areas in the relative power of the EU and the member states. The variation is likely to influence EU-wide...
Persistent link: https://www.econbiz.de/10011136991
Persistent link: https://www.econbiz.de/10008515265
This paper incorporates learning and reputation building into a simple dynamic stochastic model of international trade with asymmetric information. We use the model to study a bilateral trade flow influenced significantly by learning and reputation, namely U.S. imports of Japanese cars over the...
Persistent link: https://www.econbiz.de/10011112599
This theoretical paper intends to provide an explanation of the implementation of behind-the-border policies, border policies, and of the inefficiency of trade negotiations. We consider a general equilibrium model of international trade with two identical countries, two commodities, a...
Persistent link: https://www.econbiz.de/10011152380
Persistent link: https://www.econbiz.de/10005810063
This paper introduces incomplete information into recent analyses of strategic environmental policy. It is shown how asymmetric information between planners and producers affects national incentives to impose strategic environmental standards on domestic industries in international oligopolistic...
Persistent link: https://www.econbiz.de/10005722087
In this paper we extend a model by A. Ulph (1997) on the relationship between free trade agreements, environmental regulation and trade under imperfect competition. Ulph's model focused on the effectiveness of harmonisation policies against ecological dumping. It turned out that harmonised...
Persistent link: https://www.econbiz.de/10005698127