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Single-Undertaking and Sectoral Approach

Author

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  • Kim, Jeong-Yoo

    (Dongguk University)

Abstract

This paper considers two alternative procedures for multi-issue bargaining, so-called sectoral approach (issue-by-issue bargaining) and single-undertaking (single package bargaining), and compares the outcomes under the alternative procedures. It is asserted that if early agreement in an issue is particularly important to a bargaining party so that it makes his overall delay costs too high, he may strictly prefer to bargain the issue separately rather than bargain both issues at once.

Suggested Citation

  • Kim, Jeong-Yoo, 2001. "Single-Undertaking and Sectoral Approach," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 5(1), pages 65-75, June.
    • Handle: RePEc:ris:eaerev:0243
    DOI: 10.11644/KIEP.JEAI.2001.5.1.77
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    More about this item

    Keywords

    Single-undertaking; Sectoral Approach; Sequential Bargaining;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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