Free Trade, Customs Unions, and Transfers

46 Pages Posted: 11 Aug 2003

See all articles by Hideo Konishi

Hideo Konishi

Boston College - Department of Economics

Carsten Kowalczyk

Tufts University - The Fletcher School of Law and Diplomacy

Tomas Sjöström

Rutgers, The State University of New Jersey - Department of Economics

Date Written: July 2003

Abstract

All countries would agree to immediate global free trade if countries were compensated for any terms-of-trade losses with transfers from countries whose terms-of-trade improve, and if customs unions were required to have no effects on non-member countries. Global free trade with transfers is in the core of a Kemp-Wan-Grinols customs union game.

Keywords: Free Trade, Customs Unions, Free Trade Areas, GATT/WTO, Multilateralism, Transfers

JEL Classification: F00, F02, F10, F11, F13, F15

Suggested Citation

Konishi, Hideo and Kowalczyk, Carsten and Sjöström, John Tomas, Free Trade, Customs Unions, and Transfers (July 2003). Available at SSRN: https://ssrn.com/abstract=428346 or http://dx.doi.org/10.2139/ssrn.428346

Hideo Konishi

Boston College - Department of Economics ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States
617-552-1209 (Phone)
617-552-2308 (Fax)

Carsten Kowalczyk (Contact Author)

Tufts University - The Fletcher School of Law and Diplomacy ( email )

Medford, MA 02155
United States
(617) 627-5603 (Phone)

John Tomas Sjöström

Rutgers, The State University of New Jersey - Department of Economics ( email )

75 Hamilton Street
New Brunswick, NJ 08901
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
401
Abstract Views
3,328
Rank
143,652
PlumX Metrics