Multilateral trade cooperation: what next?

Architecting High-Security Systems for Multilateral Cooperation

Regional Trade Agreements in a Multilateral Trade Regime: An Overview

One of the most striking development in the world trading system since the mid 1990s is a surge in Regional Trade Agreements (RTAs). From about 50 till 1990, the number of RTAs notified to the World Trade Organization (WTO) has crossed 250 in 2003 and estimates indicate that over 300 RTAs will be in effect by 2007. Initially WTO encouraged the growth of RTAs because it believed that regional in...

Multilateral Trade Liberalization and Poverty Reduction

Bargaining Delay in Multilateral Trade Negotiations

This paper theoretically and empirically explores bargaining delay in tariff negotiations. By imposing a bargaining structure in an equilibrium trade framework, I derive many testable predictions of delay. I then take my model to the newly compiled GATT (Torquay) tariff negotiation data, which includes detailed (product-level) information of the timing and contents of countries’ (back-and-forth...

Multilateral Interactions Improve Cooperation Under Random Fluctuations∗

In an environment subject to random fluctuations, when does an increase in the breadth of activities in which individuals interact together help foster collaboration on each activity? We show that when players, on average, prefer to stick to a cooperative agreement rather than reneging by taking their privately optimal action, then such an agreement can be approximated as equilibrium play in a ...