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. Both these agreements are governed by the WTO and have to abide by the non-discriminatory (Most-Favored Nation, MFN) clause …
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trade negotiations are investigated: the WTO Doha round (multilateral); EU-Mercosur (regional); EU-Chile (bilateral); and US …
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We study the endogenous network formation of bilateral and multilateral trade agreements by means of hypergraphs and introduce the equilibrium concept of multilateral stability. We consider multi-country settings with a firm in each country that produces a homogeneous good and competes as a...
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