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With the decline of custom duties, non-tariff measures have become significant barriers to international trade. While multilateral trade rules under the World Trade Organization hereinafter WTO ”) address concerns over non-tariff measures, many bilateral or regional free trade agreements also...
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We formulate a new game-theoretic model of bargaining on the US Supreme Court. In the model, a degree of monopoly power over policy endogenously accrues to the assigned writer despite an open rule permitting other justices to make counteroffers. We assume justices are motivated ultimately by a...
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The main rationale for policy intervention in debt renegotiation is to enhance such activity when foreclosures are perceived to be inefficiently high. We examine the ability of the government to influence debt renegotiation by empirically evaluating the effects of the 2009 Home Affordable...
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