000			02673cam a22003617 4500
001			w27012
003			NBER
005			20211020103800.0
006			m o d
007			cr cnu||||||||
008			210910s2020 mau fo 000 0 eng d
100	1		_aOssa, Ralph.
245	1	0	_aDisputes in International Investment and Trade / _cRalph Ossa, Robert W. Staiger, Alan O. Sykes.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2020.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w27012
500			_aApril 2020.
520	3		_aInternational investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute settlement procedures of a typical trade agreement, only governments have standing, while private investors also have standing in the investor-state dispute settlement procedures employed by investment agreements. Trade agreements typically employ tariff retaliation as the remedy for violation of the agreement, while the award of cash damages is the norm in investment disputes. And trade agreements typically provide for only prospective remedies covering harm done subsequent to a ruling, while the damages awarded in investment disputes routinely cover past as well as future harms. We develop parallel models of trade agreements and investment agreements and employ them to study these differences. We argue that the differences can be understood as arising from the fundamentally different problems that trade and investment agreements are designed to solve.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aF02 - International Economic Order and Integration _2Journal of Economic Literature class.
690		7	_aF1 - Trade _2Journal of Economic Literature class.
690		7	_aF23 - Multinational Firms • International Business _2Journal of Economic Literature class.
700	1		_aStaiger, Robert W. _921111
700	1		_aSykes, Alan O.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w27012.
856	4	0	_uhttps://www.nber.org/papers/w27012
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w27012
942			_2ddc _cW-PAPER
999			_c321111 _d279673