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The Structure and Performance of the World Market in a Cobb-Douglas Example
(Vanderbilt University, 2006)
In an international trading economy where countries set tariffs strategically, modeled using a Cobb-Douglas example, this paper studies the relationship between the structure and the performance of the world market. Using ...
The GATT and Gradualism
(Vanderbilt University, 2006)
This paper shows how the institutional rules imposed on its signatories by the GATT created a strategic incentive for countries to liberalize gradually. Trade liberalization must be gradual, and free trade can never be ...