This book presents a theoretical investigation of the formation of regional free trade agreements (FTAs), the behavior of global enterprises, and government trade policies in various game forms including multi-stage games, repeated games, and timing games. In the last few decades, the number of...

This volume examines important topical issues in normative trade theory and welfare economics. In particular, it seeks to investigate how far the potential gainfulness of international trade can be extended in an increasingly globalized world. The first section focuses on the gains from trade in...

Preface -- Contents -- Part I The Formation of Free Trade Agreements -- 1 Expansion of Free Trade Agreements, Overlapping Free Trade Agreements, and Market Size -- 1.1 Introduction -- 1.2 The Model -- 1.3 Preliminary Results -- 1.3.1 Initial Situation: No FTA -- 1.3.2 Feasibility of Bilateral...