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The Determinants of Escape Clause Petitions
The Review of Economics and Statistics, 1989Based on the decision to file an escape clause petition by a firm, a Poisson regression model of the macroeconomic determinants of the total number of these petitions yearly is developed and estimated. The Poisson specification conforms to the fact that the number of escape clause petitions is a non-negative integer with a skewed probability ...
Coughlin, Cletus C +2 more
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Contracting with Endogenously Incomplete Commitment: Escape Clauses
2023We study mechanism design under endogenously incomplete commitment as it arises in contracting with escape clauses. An escape clause permits the agent to end a contractual relationship under specified circumstances, after which the principal can offer an ex-post contract.
Tangerås, Thomas P., Gick, Wolfgang
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An Overlapping‐generations Model of Escape Clause Protection
Review of International Economics, 2004AbstractThe paper explores the efficiency consequences of using temporary protection to ease adjustment following an unexpected, permanent improvement in a country's terms of trade. In the model, workers trade off the potentially higher wage that the export sector has to offer with a lower job acquisition rate. An unexpected improvement in the terms of
Carl Davidson, Steven J. Matusz
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The Analysis of Causality in Escape Clause Cases
The Journal of Industrial Economics, 1988Under Section 201 of the Trade Act of 1974, the so-called escape clause, a domestic industry that is seriously injured can obtain temporary relief if imports are the substantial cause of such injury. This paper develops a methodology to determine the change in a domestic industry's production as a result of changes in import supply, demand, and ...
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Destabilizing Effects of Exchange-Rate Escape Clauses
1996This paper studies policy rules with escape clauses, analyzing as an example fixed exchange rate systems that allow member countries the freedom to realign in periods of stress. While well-designed escape-clause rules can raise society's welfare in principle, limited credibility makes it difficult to implement such rules in practice.
Obstfeld, Maurice, Obstfeld, Maurice
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Escape Clauses and the Multi-Fibre Agreement
1980Those responsible for the liberalisation of international trade, which has made impressive progress since World War II, were well aware of the necessity of establishing an equilibrium between two contradictory constraints. On the one hand, in order to take full advantage of the liberalisation measures, the competitive producer had to have a reasonable ...
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Delirium Fortifications: An Escaping Clause for the Culprit from the Criminal Prosecution
SSRN Electronic Journal, 2020Insanity Defence, under Section 84 of IPC act as the two-edge of the same sword in which it signifies a sharp tool within the boundary of criminal law for upholding the propaganda to save an alleged or culprit from the severity of the circumstances and accountability of the specific crime.[ii] This particular shield towards the protection of alleged ...
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