English, Article edition: Enforcement, Private Political Pressure, and the General Agreement on Tariffs and Trade/World Trade Organization Escape Clause Kyle Bagwell; Robert W. Staiger

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Bookmark: http://trove.nla.gov.au/version/195414
Physical Description
  • article
Language
  • English

Edition details

Title
  • Enforcement, Private Political Pressure, and the General Agreement on Tariffs and Trade/​World Trade Organization Escape Clause
Author
  • Kyle Bagwell
  • Robert W. Staiger
Physical Description
  • article
Notes
  • c) negotiated commitments can be implemented only if they are self-enforcing. We thus consider the design of self-enforcing trade agreements among governments that acquire private information over time. We provide equilibrium interpretations of General Agreement on Tariffs and Trade/​World Trade Organization (GATT/​WTO) negotiations regarding upper bounds on applied tariffs and GATT/​WTO escape clauses. We also provide a novel interpretation of a feature of the WTO Safeguards Agreement, under which escape clause actions cannot be reimposed in an industry for a period equal to the duration of the most recent escape clause action. We find that a dynamic-use constraint of this kind can raise the expected welfare of negotiating governments.
  • RePEc:ucp:jlstud:v:34:y:2005:p:471-513
Language
  • English
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