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The GATT Negotiations and US/EC Agricultural Policies Solutions to Noncooperative Games

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Author Info

  • Johnson, Martin
  • Roe, Terry L.
  • Mahe, Louis Pascal

Abstract

Countries cooperate in negotiating treaties. However, treaty compliance is noncooperative; signatories comply with treaties only if compliance leaves them better off than noncompliance. US and EC agricultural policies of 1986 are modeled through a noncooperative game. Bilateral treaties, formalizations of Nash Equilibria, are presented which improve US and EC welfare.

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File URL: http://purl.umn.edu/7491
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Bibliographic Info

Paper provided by University of Minnesota, Economic Development Center in its series Bulletins with number 7491.

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Date of creation: 1989
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Handle: RePEc:ags:umedbu:7491

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Keywords: Agricultural and Food Policy; International Relations/Trade;

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  1. Mahe, Louis Pascal & Tavera, Christophe, 1988. "Bilateral Harmonization of EC and U.S. Agricultural Policies," Bulletins 7457, University of Minnesota, Economic Development Center.
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