The Economics of WTO Rules on Subsidies and Countervailing Measures

Sykes, Alan O.

doi:10.2139/ssrn.415780

Cited by 153 publications

(80 citation statements)

References 151 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…To cite just a few examples, the bankruptcy judge presiding over the reorganization of A.H. Robins Co. reduced compensation of senior officers and directors, lowering the annual salary of the CEO by 20 percent. 186 Likewise, the court in the reorganization of Paragon Trade Brands, Inc., approved a broad-based "key employee retention plan," but rejected a compensation and bonus plan for eight top executives after objections from trade creditors. Courts also have the power to undo agreements.…”

mentioning

confidence: 99%

Paying CEOs in Bankruptcy: Executive Compensation when Agency Costs are Low

Henderson

2006

SSRN Journal

View full text Add to dashboard Cite

mentioning

confidence: 99%

Paying CEOs in Bankruptcy: Executive Compensation when Agency Costs are Low

Henderson

2006

SSRN Journal

View full text Add to dashboard Cite

“…We return to a discussion of this issue as it arises in the actual arbitrations on export subsidies discussed below. 35 See, for example, the discussion in Sykes (2005). 36 In this figure we abstract from the complainant's export supply curve, which is assumed to remain unchanged.…”

Section: -Foreign Sales Corporations (Fsc)mentioning

confidence: 99%

The Economics of Permissible WTO Retaliation

Bown

Ruta

2008

SSRN Journal

View full text Add to dashboard Cite

WTO arbitrators rely on economics to establish the permissible retaliation limits authorized by the Dispute Settlement Understanding (DSU) which arguably serves to enforce the overall agreement. We examine how theoretical and quantitative economic analysis has and can be used in this stage of the DSU process. First, we identify, characterize, and categorize the major classes of disputes -e.g., those affecting import protection versus export promotion -and use the Bagwell and Staiger interpretation of the WTO principle of reciprocity to provide a theoretical framework that arbitrators can use to identify the maximum level of retaliatory countermeasures. Second, we allocate each of the ten DSU arbitrations that have taken place thus far into one of these categories and compare the arbitrators' actual approach with the theory. Third, we use this framework to identify three crucial elements to the arbitrators' decisionmaking process for each case: i) the formula that they decide to adopt for identifying appropriate countermeasures, ii) their political-legal-economic decision on a WTOconsistent counterfactual to use to implement the formula, and iii) the quantitative methods they use to necessarily construct the (unobserved) WTO-consistent counterfactual. We examine not only the arbitrations that have taken place thus far, but our approach also illustrates a template for many additional types of arbitrations likely to take place under the DSU. Finally, in the disputes in which this reciprocity approach has not been used, we identify procedural difficulties that arbitrators confront thus highlighting the constraints that hinder their use of economic analysis in practice.

show abstract

“…186 The Court insisted that "the right to marry is of fundamental importance for all individuals," 187 and that "the decision to marry has been placed on the same level of importance as decisions relating to procreation, childbirth, child rearing, and family relationships." 188 The Court said that it would uphold "reasonable regulations that do not significantly interfere with decisions to enter into the marital relationship."…”

Section: A Sexmentioning

confidence: 99%

What Did Lawrence Hold? Of Autonomy, Desuetude, Sexuality, and Marriage

Sunstein

2003

The Supreme Court Review

View full text Add to dashboard Cite

The Economics of WTO Rules on Subsidies and Countervailing Measures

Cited by 153 publications

References 151 publications

Paying CEOs in Bankruptcy: Executive Compensation when Agency Costs are Low

Paying CEOs in Bankruptcy: Executive Compensation when Agency Costs are Low

The Economics of Permissible WTO Retaliation

What Did Lawrence Hold? Of Autonomy, Desuetude, Sexuality, and Marriage

Contact Info

Product

Resources

About