Now showing items 1-2 of 2

    • Optimal design of trade agreements in the presence of renegotiation 

      Maggi, Giovanni; Staiger, Robert W.
      2015-02
      We study the optimal design of trade agreements when governments can renegotiate after the resolution of uncertainty but compensation between them is inefficient. In equilibrium, renegotiation always results in trade ...
    • Uncertainty and trade agreements 

      Limão, Nuno; Maggi, Giovanni
      2015-11
      We explore conditions under which trade agreements can provide gains by reducing trade policy uncertainty. Given the degree of income risk aversion, this is more likely when economies are more open, export supply elasticities ...