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which our theory predicts 2/3 of the subjects’ behaviour …
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We explore a 3 x 3 Competitive Ricardian Model (CRM) in two scenarios multiple import tariffs and a customs union. We fully characterise the equilibrium under both. Starting from a tariff distorted situation, we find that when a customs union is formed there is an increase in trade flows among...
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After fifteen years, NAFTA has been subject to many evaluations from different perspectives, including environmental assessments. According to the Commission for Environmental Cooperation (CEC), results of these evaluations show that, at the aggregate level, the environmental impacts of free...
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