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Using an oligopoly model of trade, we study the individual and world welfare implications of hub and spoke trade …
Persistent link: https://www.econbiz.de/10009372582
Using an oligopoly model of trade with asymmetric costs, we study the individual and world welfare implications of a …
Persistent link: https://www.econbiz.de/10009647308
In a three country model with endogenous tariffs, this paper evaluates and contrasts the welfare effects of free trade agreements (FTAs) and customs unions (CUs) — the two most commonly occurring preferential trade agreements (PTAs). We show that if the external tariff of a PTA is not too...
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