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Delays in Multilateral Trade Negotiations: An Experimental Study

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  • Hankyoung Sung

    () (Department of Commerce and Finance, Kookmin University)

Abstract

This paper aims to derive policy implications for real trade negotiations from experiments on multilateral legislative bargaining games. The experiment results reveal that the existence of a strong player with veto power could delay the games. Considering the similarity between the games with the veto player and multilateral trade negotiations such as the Doha Development Agenda (DDA), this paper argues that strong countries such as the G-4 (the United States, the European Community, Brazil, and India) may cause delays in the negotiations. Based on experimental findings, this paper suggests group negotiations as a policy option for the DDA. © 2012 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

Suggested Citation

  • Hankyoung Sung, 2012. "Delays in Multilateral Trade Negotiations: An Experimental Study," Asian Economic Papers, MIT Press, vol. 11(1), pages 160-176, Winter/Sp.
  • Handle: RePEc:tpr:asiaec:v:11:y:2012:i:1:p:160-176
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    References listed on IDEAS

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    More about this item

    Keywords

    veto; trade negotiations; delay; Doha Development Agenda;

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • 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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