Sustaining free trade in repeated games without government commitment

DC FieldValueLanguage
dc.contributor.authorDevereux, Michael B.-
dc.date.accessioned2009-10-05T13:34:03Z-
dc.date.available2009-10-05T13:34:03Z-
dc.date.issued1990-
dc.identifier.other199006en
dc.identifier.urihttp://hdl.handle.net/10197/1475-
dc.description.abstractThe 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.en
dc.description.sponsorshipSocial Sciences and Humanities Research Council of Canadaen
dc.description.externalNotesA hard copy is available in UCD Library at GEN 330.08 IR/UNIen
dc.format.extent476850 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoenen
dc.publisherUniversity College Dublin. School of Economicsen
dc.relation.ispartofseriesUCD Centre for Economic Research Working Paper Seriesen
dc.relation.ispartofseriesWP90/6en
dc.subject.lcshFree trade--Econometric modelsen
dc.subject.lcshTariffen
dc.subject.lcshEquilibrium (Economics)en
dc.titleSustaining free trade in repeated games without government commitmenten
dc.typeWorking Paperen
dc.internal.availabilityFull text availableen
dc.statusNot peer revieweden
dc.type.capturetechniquePDFimageen
dc.neeo.contributorDevereux|Michael B.|aut|-
dc.rights.licensehttps://creativecommons.org/licenses/by-nc-sa/1.0/en
item.fulltextWith Fulltext-
item.grantfulltextopen-
Appears in Collections:Economics Working Papers & Policy Papers
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