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Size Inequality, Coordination Externalities and International Trade Agreements
(Vanderbilt University, 2011)
Developing countries now account for a significant fraction of both world trade and two thirds of the membership of the World Trade Organization (WTO). However, many are still individually small and thus have a limited ...
On the Relationship between Preferential and Multilateral Trade Liberalization: The Case of Customs Unions
(Vanderbilt University, 2011)
This paper analyzes a game of trade policy (called Bilateralism) between three countries in which each country chooses whether to liberalize trade preferentially in the form of a Customs Union (CU), multilaterally, or not ...