The S.V. Ciriacy-Wantrup Postdoctoral Fellowships in Natural Resource Economics and Political Economy will be awarded for the 2014-15 academic year to support advanced research at the University of California, Berkeley.

For the purposes of this fellowship, natural resources are defined broadly to include environmental resources. The fellowship encourages, but is not limited to, policy- oriented research. Applications are open to scholars from any social science discipline and related professional fields such as law and planning, who will make significant contributions to research on natural resource economics broadly defined. Preference will be given to proposals whose orientation is broadly institutional and/or historical, and which are conceptually and theoretically innovative. Proposals with a primarily statistical or econometric purpose are not eligible for consideration.

Application deadline is December 9, 2013.

For more information, please visit: http://apptrkr.com/378791

Applicants must have received their doctorate or equivalent within the last five years. The total duration of an individual’s postdoctoral service may not exceed five years, including postdoctoral service at other institutions.

The University of California is an Equal Opportunity/Affirmative Action Employer

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We would like to welcome our new research assistant, Kritchasorn Jarupasin, to InsTED.  He is a PhD student in the department of economics at the University of Exeter Business School and his PhD thesis is on topics relevant to the network.  Thanks to the University of Exeter Business School’s seedcorn research fund and the HASS ‘global uncertainties’ theme for supporting his position.

We would like to welcome the following new members of the InsTED network

Prof Nuno Limão (University of Maryland) His primary research interests are in international trade, trade policy, and political economy.

Prof Catia Montagna (University of Aberdeen) Her research interests are in firms in the global economy, labour markets trade and FDI, globalisation and the welfare state, and globalisation, economic insecurity and wellbeing.

Prof Hakan Yilmazkuday (Florida International University) His primary research fields are international economics, macroeconomics, monetary economics, with secondary fields in regional economics, and growth and development.

The following article has been accepted for publication by the European Economic Review 

“Size Inequality, Coordination Externalities and International Trade Agreements”

by Nuno Limão and Kamal Saggi

Abstract

Developing countries now account for a signfi…cant fraction of world trade and two thirds of the membership of the World Trade Organization (WTO). However, many are still individually small and thus have a limited ability to bilaterally extract and enforce trade concessions from larger developed economies even though as a group they would be able to
do so. We show that this coordination externality generates asymmetric outcomes under agreements that rely on bilateral threats of trade retaliation— such as the WTO— but not under agreements extended to include certain …financial instruments. In particular, we find that an extended agreement generates improvements in global efficiency and equity if it includes the exchange of bonds prior to trading but not if it relies solely on ex-post …fines. Moreover, a combination of bonds and fines generates similar improvements even if small countries are subject to financial constraints that prevent them from posting bonds.

Keywords: trade agreements, tariffs, bonds, fines.

JEL Classi…cations: F13, F42, K33, O1, O24

The full article is available as a Vanderbilt Working Paper and already appears on the European Economic Review website.  Please also note that we have added it to the topic ‘Reforming the World Trading System to Better Integrate Development Countries‘ on the InsTED site.