Economic Integration as a Partition Function Game
AbstractWe analyze the problem of economic integration using a cooperative approach. By explicitly introducing time as an endogenous variable, we make sharp predictions about the timing of admission to coalitions, about the equilibrium coalition structure, about the equilibrium payoff distribution, as well as about the equilibrium length of the admission game. We derive conditions under which a union chooses different paths of admission in order to reach the optimal size; we show that the observed sequencing of admissions to the European Union is not consistent with the existence of perfectly competitive markets to price the admission of candidate countries. Welfare implications are derived.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Harris School of Public Policy Studies, University of Chicago in its series Working Papers with number 9702.
Date of creation: Feb 1997
Date of revision:
European Union; economic integration; admission; coalition; coalition structure;
Other versions of this item:
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- F15 - International Economics - - Trade - - - Economic Integration
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- László Á. Kóczy, 2001. "Accession Games: A Dynamic Per-Member Partition Function Aapproach," Game Theory and Information 0111002, EconWPA.
- Laszlo A Koczy, 2000.
"The Core of a Partition Function Game,"
Center for Economic Studies - Discussion papers
ces0025, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- Kóczy,László Á., 2005. "Strategic Aspects of the 1995 and 2004 EU Enlargements," Research Memoranda 043, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eleanor Cartelli) The email address of this maintainer does not seem to be valid anymore. Please ask Eleanor Cartelli to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.