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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 …
Persistent link: https://www.econbiz.de/10011591686
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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 …
Persistent link: https://www.econbiz.de/10014075703
Persistent link: https://www.econbiz.de/10011507828
This paper considers the evolutionary dynamics of a free trade agreement (FTA) network formation game among N countries … result when there are only three countries. However, when more countries are involved, only the complete FTA network emerges. …
Persistent link: https://www.econbiz.de/10010730087
Persistent link: https://www.econbiz.de/10011753971
We show that multilateral tariff binding liberalization substantially impacts the nature and extent of Preferential Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs). The constraining force is a free riding incentive of...
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