Sustaining free trade in repeated games without government commitment
|Title:||Sustaining free trade in repeated games without government commitment||Authors:||Devereux, Michael B.||Permanent link:||http://hdl.handle.net/10197/1475||Date:||1990||Online since:||2009-10-05T13:34:03Z||Abstract:||The paper examines how free trade can be sustained in a repeated tariff game in a simple two-country general equilibrium model. In the standard model, free trade can be sustained by "punishment strategies" with only a mild degree of forward looking behaviour on the part of governments. However, when there are short term factor market rigidities, and governments cannot precommit to an ex-ante optimal tariff, it may be much more difficult to sustain free trade. This is illustrated in two models.||Item notes:||A hard copy is available in UCD Library at GEN 330.08 IR/UNI||Funding Details:||Social Sciences and Humanities Research Council of Canada||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP90/6||Subject LCSH:||Free trade--Econometric models
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
Show full item record
Page view(s) 501,236
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.