Brou, Daniel; Ruta, Michele - 2012 - Manuscript date: September 2012
framework that emphasizes commitment. We build a model where the policy-maker has a tariff and a production subsidy at its … the policy substitution problem. Finally, we employ the theory to analyze the Subsidies and Countervailing Measures (SCM …) Agreement within the GATT/WTO system. -- Trade Agreements ; Trade Policy Credibility ; Subsidy Rules ; GATT/WTO …