Credibility, preferences, and bilateral investment treaties

@article{Cho2016CredibilityPA,
  title={Credibility, preferences, and bilateral investment treaties},
  author={Seok-ju Cho and Yong kyun Kim and Cheol-Sung Lee},
  journal={The Review of International Organizations},
  year={2016},
  volume={11},
  pages={25-58}
}
When is a commitment mechanism employed as a solution to a time-inconsistency problem? This article provides a nuanced answer to this question by studying bilateral investment treaties (BITs). We develop a game theoretic model of BIT signing in which the government of a capital-importing country and an investor from a capital-exporting country strategically interact. The model predicts that, on the one hand, when host states highly value foreign direct investment (FDI), the likelihood of BITs… 
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