CHEEWATRAKOOLPONG, KORNKARUN - In: The Singapore Economic Review (SER) 57 (2012) 04, pp. 1250030-1
This paper studies the effect of preferential trade agreements (PTAs) on multilateral trading system using a sequential bargaining game. The study considers two formats of PTAs, i.e., when the PTA tariffs are specified before the formation of PTAs and when PTA members have to negotiate PTA...