This paper uses a price-leadership model of the international vanilla market to study the welfare consequences of alternative pricing policies for Madagascar, the leader in the vanilla market, that also controls domestic production through a single-channel marketing system.

Using the influence-driven approach to endogenous trade-policy determination, we show how a free-trade agreement (FTA) with rules of origin can work as a device to compensate losers from trade liberalization. The FTA constructed in this paper is characterized by external tariff structures that...

Sous des conditions bien connues, les gains d'arbitrage du commerce peuvent etre obtenus soit par le commerce des biens (en l'absence de mobilite des facteurs), soit par la mobilite internationale des facteurs (en l'absence de commerce de biens. Il en decoule que les residents d'un pays...