Experimental Economic Approaches on Trade Negotiations
AbstractThis paper experimentally examines the multilateral bargaining games to derive some policy implications for real trade negotiations. It shows the following findings : there are significant delays in games including veto players in some circumstances, but no delays in games including multiple-vote players. In addition, non-veto players as weak players, which are disadvantaged in taking share, make collusive attempts against veto players, but not effectively. As policy implications, this paper suggests enforceable deadlines or threats toward low-quality agreements to reduce the delay problems. Furthermore, as another remedy for the delays, it suggests an effort to group countries like multiple-vote players in unequal-weight games.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Trade Working Papers with number 22001.
Date of creation: Jan 2007
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Veto; Trade Negotiations; Delay;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
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