Recently competition policy has become an important trade policy issue, since many policy makers now see competition … theoretical point of view and from the review of the recent development of the Japanese competition policy. While voluntary trade … access,' and export restraints were often used to ameliorate trade frictions. Moreover, domestic cartels often have a …

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … satisfy the McMillan criterion of not lowering their trade volume with outside countries, they have to engage in a dramatic … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

What incentives do governments have to negotiate "new trade agreements," i.e., agreements that constrain not only … consumers. In addition to characterizing the features of the optimal new trade agreement in each environment, we ask whether … detailed negotiations about regulatory rules are needed for global efficiency or whether an "old trade agreement" augmented by …

This paper uses international survey data to document two stylized facts. First, risk aversion is associated with anti-trade …

We argue in this paper that the second-best nature of trade-policy intervention makes it likely that the issue of time …. This leads optimal trade policy intervention to be time-inconsistent in a wide range of environments. We explore this idea …

between large and small countries than is true of trade in goods, where benefits accrue disproportionately to the small … country. We also argue that non-cooperation in network related services trade may involve more extreme retaliation than … suggested for trade in goods from the optimal tariff literature, so that relative to a non-cooperative outcome, gains from …