This paper analyses how international side-payments can be used to facilitate international trade negotiations. We present a model where many countries trade many goods, and we calculate, by use of the Shapley value, international income, transfers which will induce nations to eliminate their distortions trade policies. -Authors
Copy CitationKowalczyk, C., & Sjostrom, T. (1994). Bringing GATT into the core. Economica, 61(243), 301-317. doi:10.2307/2554617Copied to clipboard.