Hamada, Koichi; Sunder, Shyam - Economic Growth Center, Economics Department - 2005
This paper studies the role of transfers among groups within a country as well as among countries in a two level game … of nternational trade negotiations. We show that in order to realize the intended transfer in the presence of asymmetric … information on the states of recipients (and donors), a transfer process uses up additional resources. The difficulty of making …