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- W1974886734 abstract "Motivated by the structure of WTO negotiations, we analyze a bargaining environment in which negotiations proceed bilaterally and sequentially under the most-favored-nation (MFN) principle. We identify backward-stealing and forward-manipulation problems that arise when governments bargain under the MFN principle in a sequential fashion. We show that these problems impede governments from achieving the multilateral efficiency frontier unless further rules of negotiation are imposed. We identify the WTO reciprocity norm and renegotiation provisions as rules that are capable of providing solutions to these problems. In this way, we suggest that WTO rules can facilitate the negotiation of efficient multilateral trade agreements in a world in which the addition of new and economically significant countries to the world trading system is an ongoing process." @default.
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- W1974886734 date "2001-01-01" @default.
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- W1974886734 title "Shifting Comparative Advantage and Accession in the WTO" @default.
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- W1974886734 doi "https://doi.org/10.5652/kokusaikeizai.2001.83" @default.
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