Free Trade, Customs Unions, and Transfers

All countries would agree to immediate global free trade if countries were compensated for any terms-of-trade losses with transfers from countries whose terms-of-trade improve, and if customs unions were required to have no effects on non-member countries. Global free trade with transfers is in the core of a Kemp-Wan-Grinols customs union game.

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Year of publication:	2003-07-24
Authors:	Konishi, Hideo ; Kowalczyk, Carsten ; Sjostrom, Tomas
Institutions:	Department of Economics, Boston College
Subject:	free trade \| customs unions \| free trade areas \| GATT/WTO \| multilateralism \| transfers

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Extent:	application/pdf
Series:	Boston College Working Papers in Economics.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Boston College Working Papers in Economics Number 568 46 pages
Classification:	F00 - International Economics. General ; F02 - International Economic Order; Economic Integration and Globalization: General ; F10 - Trade. General ; F11 - Neoclassical Models of Trade ; F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; F15 - Economic Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004968801