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Managed Trade with Imperfect Information


Gal Hochman


Rutgers University; University of California, Berkeley

Ella Segev


Ben-Gurion University of the Negev - Department of IE&M

International Economic Review, Vol. 51, Issue 1, pp. 187-211, February 2010

Abstract:     
This article illustrates the importance of imperfect information in self-enforcing trade agreements. It shows that expected welfare is higher with current period uncertainty, and a high level of uncertainty may even undermine the need for a safeguard clause. These results were derived by extending the seminal paper by Bagwell and Staiger (The American Economic Review 80 (1990), 779–95) to account for current period uncertainty.

Number of Pages in PDF File: 25

Accepted Paper Series


Date posted: March 1, 2010  

Suggested Citation

Hochman, Gal and Segev, Ella, Managed Trade with Imperfect Information. International Economic Review, Vol. 51, Issue 1, pp. 187-211, February 2010. Available at SSRN: http://ssrn.com/abstract=1560176 or http://dx.doi.org/10.1111/j.1468-2354.2009.00576.x

Contact Information

Gal Hochman (Contact Author)
Rutgers University ( email )
New Jersey
United States
(848) 932-9142 (Phone)
HOME PAGE: http://hochman.rutgers.edu
University of California, Berkeley ( email )
340 Giannini Hall
University of California, Berkeley
Berkeley, CA 94720
United States
(510) 289-0907 (Phone)
HOME PAGE: http://nature.berkeley.edu/~ghochman/
Ella Segev
Ben-Gurion University of the Negev - Department of IE&M ( email )
1 Ben-Gurion Blvd
Beer Sheva, 84105
Israel
Feedback to SSRN (Beta)


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