Bagwell, Kyle; Staiger, Robert W.; Yurukoglu, Ali - In: Econometrica 89 (2021) 4, pp. 1595-1631
We develop a model of international tariff negotiations to study the design of the institutional rules of the GATT/WTO. A key principle of the GATT/WTO is its most‐favored‐nation (MFN) requirement of nondiscrimination, a principle that has long been criticized for inviting free‐riding...
