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The Impact of Incomplete Information under Bilateral and Multilateral Trade Policy Coordination

Author

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  • Young-Han Kim

    (Sungkyunkwan University)

Abstract

This paper examines the influences of informational distortion in bilateral and multilateral international trade policy coordination, and determines the optimal strategy under incomplete information. When a country owns private information about the indirect government intervention and other technical factors of its own firm, multilateral policy coordination mode is welfare dominant to the bilateral mode for a country under informational disadvantage. The world welfare is also improved with the adoption of multilateral coordination model from the initial stage of negotiation compared to bilateral one under incomplete information.

Suggested Citation

  • Young-Han Kim, 2004. "The Impact of Incomplete Information under Bilateral and Multilateral Trade Policy Coordination," Korean Economic Review, Korean Economic Association, vol. 20, pages 135-155.
    • Handle: RePEc:kea:keappr:ker-20040630-20-1-07
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    More about this item

    Keywords

    Optimal policy coordination mode; incomplete information; bilateral and multilateral policy coordination;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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