This study explores tariff cooperation under a representative democracy, comparing national welfare realized in three trading regimes: most favored nation (MFN), customs union (CU), and free trade agreement (FTA). Two points are addressed: Why have FTAs increased in recent decades when...

This paper explores the relationship between market integration --- specifically a reduction in trade costs --- and the sustainability of tariff cooperation with infinitely repeated game approach. We demonstrate the property of non-cooperative and cooperative tariff about the trade costs and the...