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Resilience in Vertical Supply Chains
Grossman, Gene M.; Helpman, Elhanan; Sabal, Alejandro - National Bureau of Economic Research - 2023
Forward-looking investments determine the resilience of firms' supply chains. Such investments confer externalities on other firms in the production network. We compare the equilibrium and optimal allocations in a general equilibrium model with an arbitrary number of vertical production tiers....
Persistent link: https://www.econbiz.de/10014372496
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GATT-Think
Bagwell, Kyle - 2000
We describe recent work on the theory of trade agreements that speaks to the purpose and design of GATT. Our discussion … review therefore offers support for the (politically-augmented) terms-of-trade theory as an appropriate framework within …
Persistent link: https://www.econbiz.de/10012470726
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Strategic Trade, Competitive Industries and Agricultural Trade Disputes
Bagwell, Kyle - 2000
The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these … predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the … theory is augmented to allow for politically-motivated governments, so that the sign of export policy may be converted from …
Persistent link: https://www.econbiz.de/10012470921
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Imperfect Labor Contracts and International Trade
Grossman, Gene M. - 1999
In an economy with imperfect labor contracts, differences in the distribution of human capital are an independent source of comparative advantage. I study a world economy with two sectors, one where output is produced by teams and another where individuals can work alone. When workers' abilities...
Persistent link: https://www.econbiz.de/10012471910
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The Simple Economics of Labor Standards and the GATT
Bagwell, Kyle - 1998
How should the issue of domestic labor standards be handled in the GATT/ WTO? This question is part of a broader debate over the appropriate scope of international economic institutions such as the GATT, where member-countries are considering proposals for a new round of n3 negotiations that...
Persistent link: https://www.econbiz.de/10012472207
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Free Trade vs. Strategic Trade : A Peek into Pandora's Box
Grossman, Gene M. - 1997
We investigate whether a welfare-maximizing government ought to pursue a program of" strategic trade intervention or instead commit itself to free trade when domestic firms will have an opportunity to manipulate the government's choice of the level of" intervention. Domestic firms may overinvest...
Persistent link: https://www.econbiz.de/10012472599
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An Economic Theory of GATT
Bagwell, Kyle - 1997
Despite the important roel played by GATT in the world economy, economist have nto developed a unified theoretical framework that interprets and evaluates the principles that form the foundation of GATT. Our purpose here is to propose such a framework. Working within a general equilibrium trade...
Persistent link: https://www.econbiz.de/10012472768
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Reciprocity, Non-discrimination and Preferential Agreements in the Multilateral Trading System
Bagwell, Kyle - 1997
and non-discrimination, the two principles that are the pillars of the multi- lateral trading system as embodied in GATT and its successor, the WTO. We show that GATT's principle of reciprocity serves to neutralize the world-price effects of a country's trade policy decisions, and hence can...
Persistent link: https://www.econbiz.de/10012472892
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Regionalism and Multilateral Tariff Cooperation
Bagwell, Kyle - 1997
We consider a 3 country world in which each country's import market is served by competing exporters from its 2 trading partners. We assume that weak multilateral enforcement mechanisms prevent governments from implementing efficient trade policies through a multilateral agreement requiring...
Persistent link: https://www.econbiz.de/10012472903
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Strategic Export Subsidies and Reciprocal Trade Agreements : The Natural Monopoly Case
Bagwell, Kyle - 1996
Why do governments seek restrictions on the use of export subsidies through reciprocal trade agreements such as GATT? With existing arguments, it is possible to understand GATT's restrictions on export subsidies as representing an inefficient victory of the interests of exporting governments...
Persistent link: https://www.econbiz.de/10012473274