Optimal international trade agreements and dispute settlement procedures

The Economics of International Agreements and Dispute Settlement with IPRs

Trade brief on . . . The WTO Dispute Settlement

Trade Dispute Settlement Mechanisms: the WTO Dispute Settlement Understanding in the Wake of the GATT

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The Effects of Dispute Settlements on the International Trade Agreements: A Continuous Model

Most trade agreements will exhibit two ways of incompleteness: one is that they don’t specify all parties’ behaviors with sufficient details; the other is that they miss the points that all parties’ obligations should be strictly contingent on the situations. The reason is that it’s optimal to have incomplete contracts due to the cost of writing contracts. See Battigalli and Maggi (2002) and Ho...

Developing Countries and General Agreement on Tariffs and Trade/World Trade Organization Dispute Settlement

It has long been observed that developing countries made scant use of dispute settlement under the General Agreement on Tariffs and Trade (GATT). Less clear are the reasons for this. Most observers insist that the various GATT reforms that were intended to help developing countries failed to insulate them from the “power politics” of the system (Kuruvila, 1997). Not surprisingly, many of these ...