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Google圖書搜尋
Trade Agreements as Endogenously Incomplete Contracts
Henrik Horn
Giovanni Maggi
Robert W. Staiger
出版
National Bureau of Economic Research
, 2007
URL
http://books.google.com.hk/books?id=Zkb0WXyFkW0C&hl=&source=gbs_api
註釋
We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may be incomplete. In spite of its simplicity, the model yields rich predictions on the structure of the optimal trade agreement and how this depends on the fundamentals of the contracting environment. We argue that taking contracting costs explicitly into account can help explain a number of key features of real trade agreements.