Results

CEP discussion paper

Gravity with granularity

We evaluate the consequences of oligopolistic behavior for the estimation of gravity equations for trade flows. With oligopolistic competition, firm-level gravity equations based on a standard CES demand framework need t...Read more...

Journal article

The Review of Economic Studies:

Estimating strategic models of international treaty formation

This article develops an empirical framework for analysing the timing of international treaties. A treaty is modelled as a dynamic game among governments that decide on participation in every period. The net benefit of t...Read more...

CEP discussion paper

Is the WTO Article XXIV Bad?

This paper shows that the WTO's Article XXIV increases the likelihood of free trade, but may worsen world welfare when free trade is not reached and customs unions (CUs) form. We consider a model of many countries. Artic...Read more...