We model the endogenous evolution of the de facto property rights regime and explore the impact of trade on de facto property rights regimes and on welfare. The model takes into account the dynamics of the stocks of natural resources, and the effect of trade on resource utilization. We show that...

Tariff adjustments in preferential trade agreements / Eric W. Bond, Constantinos Syropoulos -- More (or less) on necessarily welfare-enhancing free trade areas / Martin Richardson, Niven Winchester -- Pareto-improving trading clubs without income transfers / Kazumichi Iwasa, Raymond Riezman,...