RECURRENT TRADE AGREEMENTS AND THE VALUE OF EXTERNAL ENFORCEMENT (2007)
Mikhail Klimenko, Garey Ramey, Garey Ramey, Joel Watson, Joel Watson
This paper presents a theory of dynamic trade agreements in which exter-nal institutions, such as the WTO, play a central role in supporting credible enforcement. In our model, countries engage in...
Technical Compatibility and the Mode of Foreign Entry under Network Externalities (2004)
Mikhail Klimenko, Kamal Saggi, Mikhail Klimenko, Kamal Saggi
, is a non-profit institution devoted to research on network industries, electronic commerce, telecommunications, the Internet, “virtual networks” comprised of computers that share the same...
Recurrent Trade Agreements and the Value of External Enforcement (2001)
Klimenko, Mikhail, Ramey, Garey, Watson, Joel
This paper presents a theory of dynamic trade agreements in which external institutions, such as the WTO, play a central role in supporting credible enforcement. In our model, countries engage in...
Technical compatibility and the mode of foreign entry with network externalities
We examine the preferences of a foreign firm and a local government over two modes of foreign direct investment: de novo entry and acquisition of the domestic incumbent. Two crucial features of the...
Recurrent Trade Agreements and the Value of External Enforcement
Mikhail Klimenko, Garey Ramey, Joel Watson
This paper presents a theory of dynamic trade agreements in which external institutions, such as the WTO, play a central role in supporting credible enforcement. In our model, countries engage in...
Duration and Term Structure of Trade Agreements
Sergei Guriev, Mikhail Klimenko
Why are some trade agreements are concluded for a limited period of time while others have the form of evergreen contracts supplemented with a clause requiring an advance termination notice? We...
Recurrent trade agreements and the value of external enforcement
Klimenko, Mikhail, Ramey, Garey, Watson, Joel
This paper presents a theory of dynamic trade agreements in which external institutions, such as the WTO, play a central role in supporting credible enforcement. In our model, countries engage in...
Technical Compatibility and the Mode of Foreign Entry under Network Externalities
This paper examines the preferences of a foreign firm and a welfare-maximizing host country government over two modes of foreign direct investment (FDI): de novo entry by the foreign firm and...