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• W56163344 abstract "We examine the problem of mechanism design of how individual produce firms within NAFTA make their decisions to belong to the Dispute Resolution Corporation (DRC) when facing a set of criteria to which they previously agreed upon. We design a dominant strategy (the truth-telling) mechanism where both Pareto optimality and optimization of DRC’s welfare are achieved. If there are pivotal firms within the DRC, necessary assumptions made for such a mechanism to work cannot be all satisfied. Next, we compare the assumptions necessary for the mechanism to function and the current system for dispute resolution of the DRC. Casual empiricism and to-date existence of the DRC suggest the existence of pivotal firms." @default.
• W56163344 created "2016-06-24" @default.
• W56163344 creator A5016997673 @default.
• W56163344 creator A5067385000 @default.
• W56163344 date "2013-01-15" @default.
• W56163344 modified "2023-09-25" @default.
• W56163344 title "A Mechanism Design of Dispute Resolution Systems in a Regional-Free Trade Agreement" @default.
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• W56163344 doi "https://doi.org/10.1515/jafio-2013-0006" @default.
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