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Stable Multilateral Trade Agreements

Author

Listed:
  • Macho-Stadler, Ines
  • Perez-Castrillo, David
  • Ponsati, Clara

Abstract

The authors analyze 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, they analyze how changes in the countries' objective affects the stability of coalitions. In other words, the authors characterize what tariff agreements, if any, are stable (i.e., lie in the core). Copyright 1998 by The London School of Economics and Political Science

Suggested Citation

  • Macho-Stadler, Ines & Perez-Castrillo, David & Ponsati, Clara, 1998. "Stable Multilateral Trade Agreements," Economica, London School of Economics and Political Science, vol. 65(258), pages 161-177, May.
  • Handle: RePEc:bla:econom:v:65:y:1998:i:258:p:161-77
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    Cited by:

    1. Inés Macho‐Stadler & Licun Xue, 2007. "Winners and Losers from the Gradual Formation of Trading Blocs," Economica, London School of Economics and Political Science, vol. 74(296), pages 664-681, November.
    2. MACHO-STADLER, Inés & XUE, Licun, 2005. "Does Free Trade Benefit All?," Cahiers de recherche 13-2005, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    3. Santiago J. Rubio & María Dolores Alepuz, 2005. "Foreign Monopolies And Tariff Agreements Under Integrated Markets," Working Papers. Serie AD 2005-38, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    4. Mette Ersbak Bang Nielsen, 2006. "The endogenous formation of sustanaible trade agreements," Revista de Economía del Rosario, Universidad del Rosario, June.
    5. de Oliveira Amâncio Jorge & Onuki Janina, 2010. "India, Brazil and South Africa: Collective Action, Divergent Positions," New Global Studies, De Gruyter, vol. 4(2), pages 1-25, November.
    6. Kowalczyk, Carsten & Sjostrom, Tomas, 2000. "Trade as transfers, GATT and the core," Economics Letters, Elsevier, vol. 66(2), pages 163-169, February.

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