RESULTS-ORIENTED VERSUS RULES-ORIENTED TRADE POLICIES - A THEORETICALSURVEY

This paper surveys the recent literature on results-oriented versus ru les-oriented trade policies. After presenting a simple setting capturi ng the basics of results-oriented markets access schemes, we discuss e xtensions which have been or might be developed in this line of resear ch. In particular, we investigate how the use of simple costly verific ation of information models might be fruitfully applied to analyze the incentives for countries to choose between results-oriented and rules -oriented trade policies. (C) 1998 Elsevier Science B.V. All rights re served.