Trade Agreements as Endogenously Incomplete Contracts
نویسندگان
چکیده
منابع مشابه
Trade Agreements and Endogenously Incomplete Contracts: A Political Economy Approach
We develop a political economy model of trade agreements that incorporates contracting costs and uncertainty. The model delivers simple expressions for policy bindings with parameters relating to trade shocks and to political demand shocks. We identified conditions under which the trade volume is positively associated with the payoff of restricting production subsidy/consumption tax. Our model ...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2010
ISSN: 0002-8282
DOI: 10.1257/aer.100.1.394