Deutsch
 
Hilfe Datenschutzhinweis Impressum
  DetailsucheBrowse

Datensatz

DATENSATZ AKTIONENEXPORT
  Multilateral Stability and Efficiency of Trade Agreements: A Network Formation Approach

Mueller-Langer, F., & Jorzik, N. (2013). Multilateral Stability and Efficiency of Trade Agreements: A Network Formation Approach. Munich Discussion Paper, No. 2013-3.

Item is

Externe Referenzen

einblenden:
ausblenden:
externe Referenz:
http://ssrn.com/abstract=2140349 (Preprint)
Beschreibung:
-
OA-Status:

Urheber

einblenden:
ausblenden:
 Urheber:
Mueller-Langer, Frank1, Autor           
Jorzik, Nathalie2, Autor
Affiliations:
1MPI for Intellectual Property and Competition Law, Max Planck Society, ou_830549              
2External Organizations, ou_persistent22              

Inhalt

einblenden:
ausblenden:
Schlagwörter: Preferential trade, multilateral trade agreements, multilateral stability, GATT, network formation
 Zusammenfassung: We study the endogenous network formation of bilateral and multilateral trade agreements by means of hypergraphs and introduce the equilibrium concept of multilateral stability. We consider multi-country settings with a firm in each country that produces a homogeneous good and competes as a Cournot oligopolist in each market. Under endogenous tariffs, we find that the existence of a multilateral trade agreement is always necessary for the stability of the trading system and that the formation of preferential trade agreements is always necessary for achieving global free trade. We also find that global free trade is efficient but not necessarily the only multilaterally stable trade equilibrium when countries are symmetric (heterogeneous) in terms of market size. We derive conditions under which such a conflict between overall welfare efficiency and stability occurs.

Details

einblenden:
ausblenden:
Sprache(n): eng - English
 Datum: 2013-01-18
 Publikationsstatus: Online veröffentlicht
 Seiten: 30
 Ort, Verlag, Ausgabe: -
 Inhaltsverzeichnis: -
 Art der Begutachtung: -
 Identifikatoren: -
 Art des Abschluß: -

Veranstaltung

einblenden:

Entscheidung

einblenden:

Projektinformation

einblenden:

Quelle 1

einblenden:
ausblenden:
Titel: Munich Discussion Paper
Genre der Quelle: Reihe
 Urheber:
Affiliations:
Ort, Verlag, Ausgabe: -
Seiten: - Band / Heft: No. 2013-3 Artikelnummer: - Start- / Endseite: - Identifikator: -