IDEAS home Printed from https://ideas.repec.org/a/kea/keappr/ker-200306-19-1-02.html
   My bibliography  Save this article

A Comparative Analysis of Bilateral and Multilateral Negotiation in the New Round Trade Negotiation

Author

Listed:
  • Yong-Han Kim

    (Sungkyunkwan University)

Abstract

This paper examines the optimal trade negotiation strategies in the trade negotiation involving multi-parties such as Doha Development Agenda, which is characterized by asymmetric multiple negotiators with multi-trade issues. Due to the consensus rule, which is the formal decision making rule of WTO, bilateral bargaining formula is often taken simultaneously with the multilateral bargaining formula. We demonstrate that the large economy, which might pose a fundamental objection, prefers the sequential bilateral negotiation, while multilateral negotiation from the initial stage of bargaining is welfare dominant for small economies. World welfare is also improved with the adoption of multilateral negotiating regime from the initial stage of negotiation compared to bilateral negotiation.

Suggested Citation

  • Yong-Han Kim, 2003. "A Comparative Analysis of Bilateral and Multilateral Negotiation in the New Round Trade Negotiation," Korean Economic Review, Korean Economic Association, vol. 19, pages 37-52.
    • Handle: RePEc:kea:keappr:ker-200306-19-1-02
    as

    Download full text from publisher

    File URL: http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-200306-19-1-02.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Optimal Negotiation Strategies; Multilateral Bargaining; Consensus Rule of WTO;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

    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:kea:keappr:ker-200306-19-1-02. 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: KEA (email available below). General contact details of provider: https://edirc.repec.org/data/keaaaea.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.