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The participation deficit in global governance is usually blamed on power politics; we argue it may actually reflect strategic behavior by excluded countries themselves. In the WTO, member-states affected by a trade dispute can join litigation as `third parties' to gain access to otherwise...
Persistent link: https://www.econbiz.de/10014155771
Countries can challenge potential trade violations using the WTO's dispute settlement system, yet many policies that appear to violate WTO rules remain unchallenged, even when they have a significant economic impact. Why is this? We argue that the likelihood that a country challenges a...
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We argue that economic links, such as supply chains, can create a common roof that protects foreign investors in host countries that lack strong institutions to protect property rights. Supply chains link the activities of firms: when a host government breaks a contract with one firm, other...
Persistent link: https://www.econbiz.de/10013027393
I examine the impact of depth and rigidity in international trade agreements. Increasing the depth of required cooperation lowers the likelihood of full compliance and the stability of a trade regime. In contrast, increasing the rigidity of an agreement raises the likelihood of full compliance...
Persistent link: https://www.econbiz.de/10013035783
When voters evaluate their executive’s policies, they often possess information that was previously unknown to policy makers. Should voters use such ex post information? The author presents a model of executive evaluation following an international crisis. Using ex post information can be...
Persistent link: https://www.econbiz.de/10014159231
International bureaucrats must often serve multiple principals who collectively choose policy. How does this affect bureaucrats' incentives to truthfully reveal their private information? I construct a cheap talk model in which a bureaucrat possesses private information about how policies...
Persistent link: https://www.econbiz.de/10014159232
The past three decades have witnessed the development of a rich literature that applies the formal tools of game theory to understanding international cooperation and international institutions. We divide this literature into three “generations” of scholarship. With a few notable exceptions,...
Persistent link: https://www.econbiz.de/10014168496