Konishi, Hideo; Kowalczyk, Carsten; Sjöström, Tomas - In: Review of International Economics 17 (2009) SI, pp. 304-309
This paper shows nonemptiness of the core of a customs union game with a status quo equilibrium with tariffs by employing an appropriate notion of the core as in <link rid="b9">Kowalczyk and Sjöström (1994</link>, <i>Economica</i>). Specifically, we find that if customs unions may have no effects on nonmember countries as...
