IDEAS home Printed from https://ideas.repec.org/p/ags/iatrwp/51441.html
   My bibliography  Save this paper

Strategic Agricultural Trade Policy Interdependence And The Exchange Rate: A Game Theoretic Analysis

Author

Listed:
  • Kennedy, P. Lynn
  • von Witzke, Harald
  • Roe, Terry L.

Abstract

Strategic agricultural trade policy interdependence is modeled using a game theoretic framework. The model distinguishes between the European Community, the United States, and a politically passive rest-of-the-world. Particular emphasis is placed on the effect of the exchange rate on the equilibrium outcome of this game. Without compensatory payments to those with the highest political influence, the results suggest that only modest reform is possible. With compensation, liberalization occurs but free trade is not obtained. Simulations also indicate that the United States gains incentive to reduce protection given a depreciation of the dollar, while incentive to liberalize trade policies decreases as the dollar appreciates. Copyright 1996 by Kluwer Academic Publishers
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Kennedy, P. Lynn & von Witzke, Harald & Roe, Terry L., 1994. "Strategic Agricultural Trade Policy Interdependence And The Exchange Rate: A Game Theoretic Analysis," Working Papers 51441, International Agricultural Trade Research Consortium.
  • Handle: RePEc:ags:iatrwp:51441
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/51441
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cemal Atici, 2008. "Political Economy of Agricultural Policies and Environmental Weights," ICER Working Papers 25-2008, ICER - International Centre for Economic Research.
    2. Atici, Cemal & Kennedy, P. Lynn, 2000. "A Game Theoretic Analysis of Turkey's Integration into the European Union," 2000 Conference, August 13-18, 2000, Berlin, Germany 197225, International Association of Agricultural Economists.
    3. Atici, Cemal & Kennedy, P. Lynn, 2005. "Tradeoffs between income distribution and welfare: The case of Turkey's integration into the European Union," Journal of Policy Modeling, Elsevier, vol. 27(5), pages 553-563, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iatrwp:51441. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/iatrcea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.