search query: @indexterm TRADE AGREEMENTS / total: 235
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| Author: | Bond, E.W. Park, J-H. |
| Title: | Gradualism in trade agreements with asymmetric countries |
| Journal: | Review of Economic Studies
2002 : APR, VOL. 69:2(239), p. 379-406 |
| Index terms: | Free trade Trade agreements |
| Freeterms: | Countries by size |
| Language: | eng |
| Abstract: | This paper uses recursive methods to characterize the payoff frontier of self-enforcing trade agreements between countries of asymmetric size. The authors show that at points on the frontier where only one country's incentive constraint binds, the efficient agreement will be a non-stationary one that starts with a positive trade distortion but eventually reaches free trade. |
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