The paper examines the formation of free trade agreements as a network formation game. We consider a three … either unionized or non-unionized), the global free trade network is both the unique pairwise stable network and the uniquee … efficient network. If some countries are unionized while others are non-unionized, other networks apart from the global free …

The paper examines the formation of free trade agreements (FTAs) as a network formation game. We consider a general n … all countries are symmetric, a complete global free trade network is pairwise stable and it is the unique stable network …

The paper examines the formation of free trade agreements (FTAs) as a network formation game. We consider a general n … all countries are symmetric, a complete global free trade network is pairwise stable and it is the unique stable network …