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We analyze a three-country model of trade negotiations in which countries can form bilateral free trade areas, bilateral customs unions or a trilateral preferential trading arrangement, and can continue negotiating after reaching an agreement. In contrast to the literature on multilateral...
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A plurality-rule spatial committee can select an extreme decision if a bare minority of members prefer the opposite extreme decision: the majority who prefer a moderate decision are immobilised by internal divisions. Consequently, a nominator may appoint candidates with the opposite preference...
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