Trade Agreements as Endogenously Incomplete Contracts
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资源简介：
We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may be incomplete. In spite of its simplicity, the model yields rich predictions on the structure of the optimal trade agreement and how this depends on the fundamentals of the
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美国国家经济研究局创建时间：
2006-12-01
