Browsing Department of Economics by Subject "JEL Classification Number: F02"

Now showing items 1-5 of 5

    • Is the WTO's Article XXIV Bad? 
      Mrazova, Monika; Vines, David; Zissimos, Ben (Vanderbilt University, 2009)
      This paper shows that the WTO's Article XXIV increases the likelihood of free trade, but may worsen world welfare when free trade is not reached and customs unions (CUs) form. We consider a model of many countries. Article ...
    • Optimim Tariffs and Retaliation: How Country Numbers Matter 
      Zissimos, Ben (Vanderbilt University, 2009)
      This paper identifies a new terms-of-trade externality that is exercised through tariff setting. A North-South model of international trade is introduced in which the number of countries in each region can be varied. As ...
    • The GATT and Gradualism 
      Zissimos, Ben (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 ...
    • The Structure and Performance of the World Market in a Cobb-Douglas Example 
      Zissimos, Ben (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 ...
    • Why are Trade Agreements Regional? 
      Zissimos, Ben (Vanderbilt University, 2010)
      This paper shows how distance may be used to coordinate on a unique equilibrium in which trade agreements are regional. Trade agreement formation is modeled as coalition formation. In a standard trade model with no distance ...