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Medientyp:
E-Artikel
Titel:
Stable Multilateral Trade Agreements
Beteiligte:
Macho-Stadler, Ines;
Pérez-Castrillo, David;
Ponsati, Clara
Erschienen:
The Suntory-Toyota International Centre for Economics and Related Disciplines, 1998
Erschienen in:Economica
Sprache:
Englisch
ISSN:
0013-0427;
1468-0335
Entstehung:
Anmerkungen:
Beschreibung:
<p>We analyse multilateral tariff negotiations as a game in coalition form. In a model with three identical countries that produce and trade an homogeneous commodity, and where countries' aggregated welfare can weight differently their different components, we analyse how changes in the countries' objective affects the stability of coalitions. In other words, we characterize what tariff-agreements, if any, are stable (i.e. lie in the core).</p>