Missios, Paul; Saggi, Kamal; Yildiz, Halis Murat - Volkswirtschaftliche Fakultät, … - 2014
In a game of endogenous trade agreements, we examine whether the pursuit of free trade agreements (FTAs) affects the … prospects of global free trade differently than the pursuit of customs unions (CUs). Our analysis is driven by a fundamental … prevents free trade from emerging as a coalition-proof Nash equilibrium, the pursuit of FTAs does not. This key result is …