This paper examines possible consequences of subsidies to R&D and to volume production proposed under the Clinton administration's flat panel display initiative.

The market access and welfare effects of Free Trade Areas (FTAs) without Rules of Origin (ROOs) are Studied.

This paper questions the presumption that transferable quota licenses are worth more and result in higher welfare. We show that the price of a transferable license will tend to be higher than of its nontransferable counterpart only if the underlying quota is quite restrictive.