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Issue Linkage, Delegation, and International Policy Cooperation

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  • Spagnolo, G.

Abstract

How many international agreements should there be, and who should sign them? When policy issues are separable, linking them in a ‘grand international agreement’ facilitates policy cooperation by reallocating slack enforcement power. When policy issues are substitutes, issue linkage further facilitates policy cooperation by increasing the amount of available enforcement power. The contrary happens when issues are complements. Then a better strategy can be to delegate policy issues to diferent independent national agencies. Constitutional rules that permit credible delegation to agents with dfferent objectives from governments facilitate international cooperation by generating stronger credible threats. Implications for multilateral agreements are discussed.

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File URL: http://www.econ.cam.ac.uk/research/repec/cam/pdf/wp9913.pdf
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Bibliographic Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 9913.

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Date of creation: Mar 1999
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Handle: RePEc:cam:camdae:9913

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Web page: http://www.econ.cam.ac.uk/index.htm

Related research

Keywords: International agreements; Policy cooperation; Policy coordination; Cross-border spillovers; International institutions;

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Citations

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Cited by:
  1. Kyle Bagwell & Robert W. Staiger, 2001. "Domestic Policies, National Sovereignty, And International Economic Institutions," The Quarterly Journal of Economics, MIT Press, vol. 116(2), pages 519-562, May.
  2. Nuno Limão, 2002. "Trade policy, cross-border externalities and lobbies: do linked agreements enforce more cooperative outcomes?," International Trade 0206002, EconWPA, revised 28 Jul 2002.
  3. Drusilla K. Brown, 2001. "Labor Standards: Where Do They Belong on the International Trade Agenda?," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 89-112, Summer.
  4. Andriamananjara, Soamiely & Schiff, Maurice, 1998. "Regional groupings among microstates," Policy Research Working Paper Series 1922, The World Bank.
  5. Bagwell,K. & Staiger,R.W., 2000. "GATT-think," Working papers 19, Wisconsin Madison - Social Systems.
  6. Drusilla K. Brown & Alan V. Deardorff & Robert M Stern, 2002. "Pros and Cons of Linking Trade and Labor Standards," Working Papers 477, Research Seminar in International Economics, University of Michigan.

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