INTERNATIONAL AGREEMENTS ON PRODUCT STANDARDS UNDER CONSUMPTION EXTERNALITIES: NATIONAL TREATMENT VERSUS MUTUAL RECOGNITION

Autor:	Difei Geng
Rok vydání:	2019
Předmět:	Consumption (economics) Economics and Econometrics 05 social sciences World trade International economics General Business Management and Accounting General partnership 0502 economics and business Economics media_common.cataloged_instance International harmonization Product (category theory) 050207 economics European union Mutual recognition Externality 050205 econometrics media_common
Zdroj:	Economic Inquiry. 57:1284-1301
ISSN:	1465-7295 0095-2583
DOI:	10.1111/ecin.12785
Popis:	This paper provides a comparative analysis of product standards agreements between heterogeneous countries. A simple model of vertical standards is developed where countries have heterogeneous preferences for a negative or positive consumption externality. I compare two major types of standards agreements, those based on national treatment (NT) and mutual recognition (MR). Unlike NT, MR can induce a mismatch of standards between countries, a problem that tends to get worse as country preferences diverge. Due to this mismatch problem, NT tends to become relatively more welfare‐enhancing than MR for countries with more dissimilar preferences. These findings explain why the World Trade Organization, the Trans‐Pacific Partnership, and the European Union choose different types of standards agreements. The paper also sheds new light on the desirability of international harmonization of product standards.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::6ec41f672c3cec0db26890e57a97689a https://doi.org/10.1111/ecin.12785 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.