Bond, Eric W; Syropoulos, Costas; Winters, L. Alan - C.E.P.R. Discussion Papers - 2000
We construct a three-country, two-bloc, multi-product trade model in which tariff agreements between customs union … members are binding whereas inter-bloc tariff agreements are self-enforcing. Our main objective is to explore how the … tariff agreements with the rest of the world (ROW). We derive conditions under which Kemp-Wan (1976) adjustments in the …