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

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Listed:
  • Johnson, Martin
  • Roe, Terry L.
  • Mahe, Louis Adrien 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.

Suggested Citation

  • Johnson, Martin & Roe, Terry L. & Mahe, Louis Adrien Pascal, 1989. "The GATT Negotiations and US/EC Agricultural Policies Solutions to Noncooperative Games," Bulletins 7491, University of Minnesota, Economic Development Center.
    • Handle: RePEc:ags:umedbu:7491
    DOI: 10.22004/ag.econ.7491
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    References listed on IDEAS

    as
    1. Mahe, L P & Tavera, C, 1988. "Bilateral Harmonization of EC and U.S. Agricultural Policies," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 15(4), pages 327-348.
    2. Larry S. Karp & Alex F. McCalla, 1983. "Dynamic Games and International Trade: An Application to the World Corn Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 641-650.
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