GRAFE, Fritz; MAULEON, Ana - In: Annales d'Economie et de Statistique (2000) 59, pp. 63-88
This paper studies the consequences of a private or depletable externality on free trade agreements in a general equilibrium framework. lt is shown that there always exists a stable system of free trade spaces in the world economy. This stable system can result in either non-cooperation, partial...