The Political Economy of International Regulatory Cooperation

• 成果类型: Article
• 署名作者: Maggi, Giovanni; Ossa, Ralph
• 署名单位: Yale University; University of Zurich
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20200780
• 发表日期: 2023
• 页码: 2168-2200
• 关键词: TRADE AGREEMENTS; POLICY

摘要

We examine international regulatory agreements that are negotiated under lobbying pressures from producer groups. The way in which lobbying influences the cooperative setting of regulatory policies, as well as the welfare impacts of international agreements, depend cru-cially on whether the interests of producers in different countries are aligned or in conflict. The former situation tends to occur for prod-uct standards, while the latter tends to occur for process standards. We find that, if producer lobbies are strong enough, agreements on product standards lead to excessive deregulation and decrease wel-fare, while agreements on process standards tighten regulations and enhance welfare. (JEL F13, F14, F15, L15, L51)