Three Essays on Trade Negotiations in the WTO

Three Essays on Trade Negotiations in the WTO

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The dissertation has three essays. The first essay studies the efficiency of the renegotiation process in the WTO when there is private information. The study considers a game that Home or Foreign has private information. In both cases, the study finds that the renegotiation process cannot attain both politically optimal tariffs and pareto-efficient tariffs regardless a number of instruments. The renegotiation can yield politically optimal tariffs when international transfers between the two countries are allowed.W(tM (yaquot;), rM (yTM)\yTM yoe)alt;Wx{rc , Tc-, yTM , yl*) , the low type prefers to offer rf . In this case, we have pooling equilibrium that both types offer same tariffs. In Stage zero, according to Lemma 5, if any type wants to either trigger trade wars oranbsp;...

Title:Three Essays on Trade Negotiations in the WTO
Author: Kornkarun Kungpanidchakul
Publisher:ProQuest - 2007

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