1. Bringing GATT into the core
- Author
-
Kowalczyk, Carsten and Sjostrom, Tomas
- Subjects
International trade -- Models ,International economic relations -- Models ,Capital movements -- Models ,Business ,Business, general ,Economics ,General Agreement on Tariffs and Trade - Abstract
This paper analyses how international side-payments can be used to facilitate international trade negotiations. We present a model where many countries trade many goods, and we calculate, by use of the Shapley value, international income transfers which will induce nations to eliminate their distortionary trade policies.
- Published
- 1994