Nicita, Alessandro; Olarreaga, Marcelo; Silva, Peri - Institut d'Economie et Econométrie, Université de Genève - 2013
extent of cooperation reflected in WTO members’ tariffs. Because many members of the WTO apply tariffs well below the … negotiated tariff bounds, creating what is known as tariff water, there is also room for WTO members to set non …-cooperative tariffs. As expected, we found that in the absence of tariff water, WTO tariffs are set cooperatively. Interestingly, non …