GDL

Journal from gdlhub / 2017-08-14 11:52:53
Oleh : Kyle Bagwell, Robert W. Staiger, STIKOM Dinamika Bangsa Jambi (kwb8@columbia.edu (K. Bagwell), rstaiger@facstaff.wisc.edu (R.W. Staiger).)
Dibuat : 2010-06-24, dengan 1 file

Keyword : Multilateral, trade,negotiations, bilateral, opportunism, rules,GATT/WTO
Url : http://www.elsevier.com/locate/econbase

Trade negotiations occur through time and between the governments of many countries. An


important issue is thus whether the value of concessions that a government wins in a current


negotiation may be eroded in a future bilateral negotiation to which it is not party. We identify rules


of negotiation that serve to protect the welfare of governments that are not participating in the


bilateral negotiation. Our main finding is that the two central principles of GATT/WTO—


nondiscrimination (MFN) and reciprocity—preserve the welfare of nonparticipating governments


and therefore offer a bfirst-line of defenseQ against bilateral opportunism.

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