Reserving the right to say no? Equilibria around hard trade‐sustainability commitments in power‐asymmetric contexts
Rodrigo Fagundes Cezar,
Oto Murer Küll Montagner
Abstract:When will stringent sustainability commitments (not) be a stumbling block in the negotiation of trade agreements? Although the existing literature has explored the determinants of the design of sustainability provisions in trade agreements, few works have explored when countries will accept/reject those provisions once their content cannot be changed. Based on insights from game theory, we flesh out the conditions under which there will be an equilibrium in favor of hard sustainability provisions in trade deal… Show more
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