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- W849165757 abstract "The paper examines how free trade can be sustained in a repeated tariff game in a simple two-country general equilibrium model. In the standard model, free trade can be sustained by punishment strategies with only a mild degree of forward looking behaviour on the part of governments. However, when there are short term factor market rigidities, and governments cannot precommit to an ex-ante optimal tariff, it may be much more difficult to sustain free trade. This is illustrated in two models." @default.
- W849165757 created "2016-06-24" @default.
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- W849165757 date "1990-01-01" @default.
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- W849165757 title "Sustaining free trade in repeated games without government commitment" @default.
- W849165757 hasPublicationYear "1990" @default.
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