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...

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...

The main purpose of this note is to establish a precise version of the proposition that, in the context of a worldwide constituency, a customs union is more beneficial or less harmful than a comparable but distinct free trade association. It is shown that, corresponding to each feasible...