Arbeitspapier
The Farsighted Stability of Global Tade Policy Arrangements
We study the stability of trade policy arrangements under two regulatory scenarios, with/without PTAs. Unlike previous papers, we consider an extensive set of trade policy constellations and allow for unlimited farsightedness of negotiating parties. We find global free trade (GFT) to be uniquely stable under symmetry, with/without PTAs. When two countries are smaller (larger) than the third, availability of PTAs decreases (increases) the stability of GFT. Away from symmetry, GFT is not attainable, and without PTAs the non-cooperative MFN regime is the only stable outcome. The effect of (dis-)allowing PTAs thus depends on the size asymmetry of countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 9213
- Klassifikation
-
Wirtschaft
Trade Policy; International Trade Organizations
International Institutional Arrangements
- Thema
-
trade policy arrangements
stability
unlimited farsightedness
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Berens, Stefan
Chochua, Lasha
Willmann, Gerald
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Berens, Stefan
- Chochua, Lasha
- Willmann, Gerald
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2021
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