| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5574 |
| DP5574 Trade and Economic Geography: The Impact of EEC Accession on the UK | |
| L. Alan Winters; Henry Overman | |
| 发表日期 | 2006-03-22 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We analyze whether financial compensation is preferable to the current system of dispute settlement in the World Trade Organization that permits member countries to impose retaliatory tariffs in response to trade violations committed by other members. We show that monetary fines are more efficient than tariffs in terms of granting compensation to injured parties when there are violations in equilibrium. However, fines suffer from an enforcement problem since they must be paid by the violating country. If fines must ultimately be supported by the threat of retaliatory tariffs, they fail to yield a more cooperative outcome than the current system. We also consider the use of bonds as a means of settling disputes. If bonds can be posted with a third party, they do not have to be supported by retaliatory tariffs and can improve the negotiating position of countries that are too small to threaten tariff retaliation. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Dispute settlement Wto Tariffs Monetary fines Bonds Concessions Reciprocity |
| URL | https://cepr.org/publications/dp5574 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534427 |
| 推荐引用方式 GB/T 7714 | L. Alan Winters,Henry Overman. DP5574 Trade and Economic Geography: The Impact of EEC Accession on the UK. 2006. |
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