Bringing GATT into the Core
This paper analyzes how international side-payments can be used to facilitate international trade negotiations. The authors present a model where many countries trade many goods and they calculate, by use of the Shapley value, international income transfers that will induce nations to eliminate their distortionary trade policies. Copyright 1994 by The London School of Economics and Political Science.
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Volume (Year): 61 (1994)
Issue (Month): 243 (August)
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References listed on IDEAS
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"Optimal Tariff Equilibria with Customs Unions,"
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- Harsanyi,John C., 1986. "Rational Behaviour and Bargaining Equilibrium in Games and Social Situations," Cambridge Books, Cambridge University Press, number 9780521311830.
- Stern, R.M. & Deardorff, A.V., 1992. "Multilateral Trade Negociations and Preferential Trading Arrangements," Working Papers 307, Research Seminar in International Economics, University of Michigan.
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