Global Free Trade is in the Core of a Customs Union Game PDF Download

Author: Hideo Konishi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper shows nonemptiness of the core of a customs union game with a status quo equilibrium with tariffs by employing an appropriate notion of the core as in Kowalczyk and Sjöström (1994, Economica). Specifically, we find that if customs unions may have no effects on nonmember countries as in Ohyama (1972, Keio Economic Studies) and Kemp and Wan (1976, Journal of International Economics) then a subset of countries forming such a customs union does not block global free trade when accompanied by so-called Grinols transfers (Grinols, 1981, Journal of International Economics).

Author: Hideo Konishi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
All countries would agree to immediate global free trade if countries were compensated for any terms-of-trade losses with transfers from countries whose terms-of-trade improve, and if customs unions were required to have no effects on non-member countries. Global free trade with transfers is in the core of a Kemp-Wan-Grinols customs union game.

Author: Cons Karamata
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 32

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Author: David Tsirekidze
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Book Description
In a three-country Customs Union (CU) formation game, I introduce international trade in intermediate inputs and Rules of Origin (RoO) restrictions. In the case of symmetric countries, I show that as countries become more involved in global supply chains, global free trade is less likely to be a stable equilibrium outcome. RoO can help solving this problem. In the case of asymmetry, depending on the degree of the globalization, free riding (for high) or exclusion motive (for low) prevents global free trade. Correspondingly, it is shown that RoO can have helpful or detrimental effect on attaining global free trade.

Author: David Tsirekidze
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
In a three-country customs union (CU) formation game, I introduce international trade in intermediate inputs and rules of origin (RoO) restrictions. In the case of symmetric countries, I show that as countries become more involved in global supply chains, global free trade is less likely to be a stable equilibrium outcome. RoO can help solve this problem. In the case of asymmetry, depending on the degree of the globalization, free riding (for high degree) or exclusion motive (for low degree) prevents global free trade. Correspondingly, I show that RoO can have helpful or detrimental effects on attaining global free trade.

Author: J. McMillan
Publisher: Taylor & Francis
ISBN: 1136454446
Category : Business & Economics
Languages : en
Pages : 128

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Book Description
This book gives an early demonstration of applications of game theory to international economics - applications that were to transform this area during the 1990s.

Author: Hamid Beladi
Publisher: Emerald Group Publishing
ISBN: 1849505411
Category : Business & Economics
Languages : en
Pages : 478

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Book Description
Part of the "Frontiers in Economics & Globalization" series, this book deals with a range of trade and development issues in terms of the general equilibrium structure. It shows how neo-classical models of trade theory can be used to highlight many challenging global problems.

Author: Raymond Glenn Riezman
Publisher: World Scientific
ISBN: 9814390127
Category : Business & Economics
Languages : en
Pages : 418

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Book Description
This book presents a comprehensive view of recent developments in the theory of international trade agreements and political economy, by focusing on research by Raymond Riezman. This pioneering work introduced terms of trade effects and strategic behavior to the theory of international trade agreements. This is complemented by a careful analysis of how politics affects international trade agreements. The book brings together work which focuses on the question of why international trade agreements occur and what forms they take.

Author: Timothy Lyons
Publisher: Oxford University Press
ISBN: 0191086746
Category : Law
Languages : en
Pages : 869

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Book Description
The third edition of EU Customs Law provides a fully updated treatment of legislation, new treaties and cases in the two courts of the EU especially but also in Member States. This volume also includes commentary on the Union Customs Code and secondary legislation, and increased coverage of areas such as the wider role of customs authorities apart from the collection of customs duty, such as security of goods and post 9/11 developments generally, the history of customs unions and their implications for governments, non-EU customs unions to which EU law is relevant, and the inter-relation between customs duty and direct tax.

Author: David Greenaway
Publisher: Springer
ISBN: 0230305318
Category : Business & Economics
Languages : en
Pages : 727

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Book Description
International trade is the core foundation of globalisation. This current and up-to-date volume brings together the finest academics working in the field today, containing contributions in key areas of policy research, such as, modelling frameworks, trade policy, trade and migration, trade and the environment, trade and unemployment.