Bagwell, Kyle; Staiger, Robert W. - In: Journal of International Economics 88 (2012) 1, pp. 32-46
Existing theories of trade agreements suggest that GATT/WTO efforts to reign in export subsidies represent an inefficient victory for exporting governments that comes at the expense of importing governments. Building on the Cournot delocation model first introduced by Venables (1985), we derive...