• Medientyp: Bericht; E-Book
  • Titel: Information asymmetry and the problem of transfers in trade negotiations and international agencies
  • Beteiligte: Hamada, Koichi [VerfasserIn]; Sunder, Shyam [VerfasserIn]
  • Erschienen: New Haven, CT: Yale University, Economic Growth Center, 2005
  • Sprache: Englisch
  • Schlagwörter: H21 ; two-level game ; H71 ; common agency ; International trade ; O82 ; tariff negotiation ; transfer ; F13 ; WTO ; asymmetric information ; H77
  • Entstehung:
  • Anmerkungen: Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
  • Beschreibung: This paper studies the role of transfers among groups within a country as well as among countries in a two level game of international trade negotiations. We show that in order to realize the intended transfer in the presence of asymmetric information on the states of recipients (and donors), a transfer process uses up additional resources. The difficulty of making transfers renders it less likely that a nation would find it individually rational to participate as a member of an international institution. Costly transfers render the internal and international adjustment difficult, and serve as a barrier to trade liberalization. Costly international transfers harden the resistance against trade liberalization in the (potentially) recipient country and soften it in the (potentially) donor country.
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