haku: @journal_id 97 / yhteensä: 799
viite: 27 / 799
| Tekijä: | Bond, E.W. Park, J-H. |
| Otsikko: | Gradualism in trade agreements with asymmetric countries |
| Lehti: | Review of Economic Studies
2002 : APR, VOL. 69:2(239), p. 379-406 |
| Asiasana: | Free trade Trade agreements |
| Vapaa asiasana: | Countries by size |
| Kieli: | eng |
| Tiivistelmä: | 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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