IDEAS home Printed from https://ideas.repec.org/a/bla/agecon/v10y1994i1p71-80.html
   My bibliography  Save this article

Agricultural trade negotiations as a strategic game

Author

Listed:
  • Shiva S. Makki
  • Luther Tweeten
  • James Gleckler

Abstract

This study views multilateral trade negotiations as a strategic game among nations or regions, including taxpayer, consumer, and producer components. Payoffs are calculated from an intermediate‐run international trade model initialized with 1989 data. For the public at large, the Nash equilibrium and socially optimal outcome is liberalization of trade – unilateral or multilateral. Maintenance of the status quo of market distortions costing the world billions of dollars each year is rational only if producer payoffs are sovereign so that strategies optimal for producers are considered optimal for nations. Remedial policies are discussed, including opportunities for economic education, political system reform, and less incentives for producers to scuttle multilateral trade negotiations.

Suggested Citation

  • Shiva S. Makki & Luther Tweeten & James Gleckler, 1994. "Agricultural trade negotiations as a strategic game," Agricultural Economics, International Association of Agricultural Economists, vol. 10(1), pages 71-80, January.
  • Handle: RePEc:bla:agecon:v:10:y:1994:i:1:p:71-80
    DOI: 10.1111/j.1574-0862.1994.tb00290.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1574-0862.1994.tb00290.x
    Download Restriction: no

    File URL: https://libkey.io/10.1111/j.1574-0862.1994.tb00290.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

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


    Cited by:

    1. Vanzetti, David, 1996. "The next round: Game theory and public choice perspectives," Food Policy, Elsevier, vol. 21(4-5), pages 461-477.
    2. Eric Giraud-Heraud & Pierre-Alain Jayet & Yves Le Roux & . Inra - Esr. Département d'Economie Et Sociologie Rurales, Ivry, 1994. "Politique agricole commune et stratégie des Etats membres : coopération et intégration," Post-Print hal-02306166, HAL.
    3. Herve Guyomard & Louis Pascal Mahe & Terry L. Roe, 1994. "L'agriculture au GATT et la nouvelle PAC : la fin d'une exception ?," Post-Print hal-01593896, HAL.
    4. Anania, Giovanni, 2001. "Modeling Agricultural Trade Liberalization. A Review," 2001 Annual meeting, August 5-8, Chicago, IL 20758, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Fertő, Imre, 1999. "A Európai Unió közös agrárpolitikájának gazdaságtana II. A CAP politikai gazdaságtana [The economics of the European Union's Common Agricultural Policy, Part II. The political economy of CAP]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 813-822.
    6. Luther G. Tweeten, 2001. "Directions of U.S. Farm Programmes under a Freer Trade Environment," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 40(2), pages 89-105.
    7. Luther Tweeten & Carl Zulauf, 2008. "Farm price and income policy: lessons from history," Agribusiness, John Wiley & Sons, Ltd., vol. 24(2), pages 145-160.
    8. Tweeten, Luther G., 1999. "Trade, Uncertainty And New Farm Programs," Economics and Sociology Occasional Papers - ESO Series 28330, Ohio State University, Department of Agricultural, Environmental and Development Economics.

    More about this item

    Statistics

    Access and download statistics

    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:bla:agecon:v:10:y:1994:i:1:p:71-80. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iaaeeea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.