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Agricultural trade negotiations as a strategic game

Author

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  • Shiva S. Makki
  • Luther Tweeten
  • James Gleckler

Abstract

This study views multilateral trade negotiations as a strategic game among nations or regions, including taxpayer, consumer, and producer components. Payoffs are calculated from an intermediate‐run international trade model initialized with 1989 data. For the public at large, the Nash equilibrium and socially optimal outcome is liberalization of trade – unilateral or multilateral. Maintenance of the status quo of market distortions costing the world billions of dollars each year is rational only if producer payoffs are sovereign so that strategies optimal for producers are considered optimal for nations. Remedial policies are discussed, including opportunities for economic education, political system reform, and less incentives for producers to scuttle multilateral trade negotiations.

Suggested Citation

  • Shiva S. Makki & Luther Tweeten & James Gleckler, 1994. "Agricultural trade negotiations as a strategic game," Agricultural Economics, International Association of Agricultural Economists, vol. 10(1), pages 71-80, January.
    • Handle: RePEc:bla:agecon:v:10:y:1994:i:1:p:71-80
    DOI: 10.1111/j.1574-0862.1994.tb00290.x
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    Cited by:

    1. Vanzetti, David, 1996. "The next round: Game theory and public choice perspectives," Food Policy, Elsevier, vol. 21(4-5), pages 461-477.
    2. Eric Giraud-Heraud & Pierre-Alain Jayet & Yves Le Roux & . Inra - Esr. Département d'Economie Et Sociologie Rurales, Ivry, 1994. "Politique agricole commune et stratégie des Etats membres : coopération et intégration," Post-Print hal-02306166, HAL.
    3. Anania, Giovanni, 2001. "Modeling Agricultural Trade Liberalization. A Review," 2001 Annual meeting, August 5-8, Chicago, IL 20758, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Herve Guyomard, 1994. "L'agriculture au GATT et la nouvelle PAC : la fin d'une exception ?," Post-Print hal-01593896, HAL.
    5. Luther G. Tweeten, 2001. "Directions of U.S. Farm Programmes under a Freer Trade Environment," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 40(2), pages 89-105.
    6. Luther Tweeten & Carl Zulauf, 2008. "Farm price and income policy: lessons from history," Agribusiness, John Wiley & Sons, Ltd., vol. 24(2), pages 145-160.
    7. Fertő, Imre, 1999. "A Európai Unió közös agrárpolitikájának gazdaságtana II. A CAP politikai gazdaságtana [The economics of the European Union's Common Agricultural Policy, Part II. The political economy of CAP]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 813-822.
    8. Tweeten, Luther G., 1999. "Trade, Uncertainty And New Farm Programs," Economics and Sociology Occasional Papers - ESO Series 28330, Ohio State University, Department of Agricultural, Environmental and Development Economics.

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