Three Essays on Trade Negotiations in the WTO
The dissertation has three essays. The first essay studies the efficiency of the renegotiation process in the WTO when there is private information. The study considers a game that Home or Foreign has private information. In both cases, the study finds that the renegotiation process cannot attain both politically optimal tariffs and pareto-efficient tariffs regardless a number of instruments. The renegotiation can yield politically optimal tariffs when international transfers between the two countries are allowed.W(tM (yaquot;), rM (yTM)\yTM yoe)alt;Wx{rc , Tc-, yTM , yl*) , the low type prefers to offer rf . In this case, we have pooling equilibrium that both types offer same tariffs. In Stage zero, according to Lemma 5, if any type wants to either trigger trade wars oranbsp;...
| Title | : | Three Essays on Trade Negotiations in the WTO |
| Author | : | Kornkarun Kungpanidchakul |
| Publisher | : | ProQuest - 2007 |
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