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climate coalition work as an incentive mechanism for countries to join in. A multi-stage strategic trade framework is used in … which coalition (fringe) countries can dispose of a policy set comprising a discriminatory import-tariff on dirty goods as …
Persistent link: https://www.econbiz.de/10011806560
-linkage literature. In particular, we propose a preferential free trade agreement on which a climate coalition should be built. The basic … idea is that the benefits of free trade provide strong incentives for free riders to join the coalition. As a framework, a … heart of our approach are the trade privileges granted to coalition members shifting the terms of trade favourably without …
Persistent link: https://www.econbiz.de/10011776985
Persistent link: https://www.econbiz.de/10009667311
Persistent link: https://www.econbiz.de/10013371148
Despite the impressive success of trade liberalization, domestic industries continue to find ways to use the power of government to protect themselves from foreign competition. The practice of using domestic environmental or consumer safety regulation as a way to disguise protectionist policy...
Persistent link: https://www.econbiz.de/10013082380
In 2013, the European Union and United States initiated a new political dialogue regarding a further deepening of …
Persistent link: https://www.econbiz.de/10011495139
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10013419262
We examine the buyer-seller problem under different levels of commitment. The seller is informed of the quality of the … be achieved through mechanisms in which, unlike with full commitment, the buyer has the option to "walk away" after … commitment affect outcomes, and which constraints, if any, preclude efficiency …
Persistent link: https://www.econbiz.de/10013143583
This paper provides a theoretical framework in support of recent empirical findings where the use of open contracts in the form of pay-what-you-like pricing have been found to be viable compared to a fixed price. Our analysis shows that, in spite of the option to free ride, not all consumers...
Persistent link: https://www.econbiz.de/10013103412
design with limited commitment. We then prove that this upper bound is tight, by showing that all its extreme points are … equilibrium payoffs. Our results shed light on the role of different forms of commitment on the bargaining process. In particular …
Persistent link: https://www.econbiz.de/10013075180