Managed trade with imperfect information

Gal Hochman, Ella Segev

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

Abstract

This article illustrates the importance of imperfect information in self-enforcing trade agreements. It shows that expected welfare is higher with current period uncertainty, and a high level of uncertainty may even undermine the need for a safeguard clause. These results were derived by extending the seminal paper by Bagwell and Staiger (The American Economic Review 80 (1990), 779-95) to account for current period uncertainty.

Original languageEnglish
Pages (from-to)187-211
Number of pages25
JournalInternational Economic Review
Volume51
Issue number1
DOIs
StatePublished - 1 Feb 2010

Fingerprint

Dive into the research topics of 'Managed trade with imperfect information'. Together they form a unique fingerprint.

Cite this