The Dispute Settlement (DS) system is a central feature of the World Trade Organization (WTO) Agreement. This …

We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may … be incomplete. Inspite of its simplicity, the model yields rich predictions on the structure of the optimal trade … explicitly into account can help explain a number of key features of real trade agreements. …

We examine the setting of national competition policy in a two-country setting, emphasizing the relationship of trade … general equilibrium distributional effects of competition policy, the relationship of national competition policy to terms-of-trade … gains and losses, the implications of "distinct national markets" linked through trade (the starting point for all trade …

Most of the large tariff reductions achieved in multilateral trade negotiations have involved tariff-cutting formulas … target how far they will move towards free trade, while providing some flexibility for trading off reductions in peak tariffs …

) in NT disputes. The purpose of this paper is to examine the role of this burden for trade liberalization and for the …

The National Treatment clause (NT) is the first-line defense in the GATT (and in most other trade agreements) against …. Furthermore, it requires a high degree of economic sophistication on behalf of trade negotiators in order for this beneficial …