IDEAS home Printed from https://ideas.repec.org/a/prs/reveco/reco_0035-2764_1996_num_47_3_409818.html
   My bibliography  Save this article

Accords régionaux : une approche en termes de jeux coopératifs

Author

Listed:
  • Daniel Laskar
  • Claude Jessua

Abstract

[eng] Using a general three-country model which encompasses some existing models in the literature on regional agreements, dealing with monetary, fiscal or commercial policy, this paper determines the conditions under which regional agreements appear as solutions. The solution concept which is used corresponds to the core in cooperative game theory.. It is underlined that the free-riding argument leads to results which depend on the negotiation context, while in the absence of a free rider problem the results are very sensitive to the existence of transfers or of differences between countries. [fre] À partir d'un modèle général à trois pays qui englobe un certain nombre de modèles existants dans la littérature sur la formation d'accords régionaux, portant sur la politique monétaire, budgétaire ou commerciale, on détermine les condi­tions qui font apparaître ces accords comme solutions. Le concept de solution retenu correspond au cœur en théorie des jeux coopératifs.. On souligne en particulier que l'argument en termes de free rider conduit à des résultats qui dépendent du contexte de la négociation, alors qu'en l'absence de problème de free rider les résultats s'avèrent sensibles à l'existence de trans­ferts ou de différences entre pays.

Suggested Citation

  • Daniel Laskar & Claude Jessua, 1996. "Accords régionaux : une approche en termes de jeux coopératifs," Revue Économique, Programme National Persée, vol. 47(3), pages 797-806.
  • Handle: RePEc:prs:reveco:reco_0035-2764_1996_num_47_3_409818
    DOI: 10.3406/reco.1996.409818
    Note: DOI:10.3406/reco.1996.409818
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/reco.1996.409818
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    File URL: https://www.persee.fr/doc/reco_0035-2764_1996_num_47_3_409818
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    File URL: https://libkey.io/10.3406/reco.1996.409818?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Casella, Alessandra, 1992. "Participation in a Currency Union," American Economic Review, American Economic Association, vol. 82(4), pages 847-863, September.
    2. repec:bla:econom:v:61:y:1994:i:243:p:301-17 is not listed on IDEAS
    3. Tamim Bayoumi, 1994. "A Formal Model of Optimum Currency Areas," IMF Staff Papers, Palgrave Macmillan, vol. 41(4), pages 537-554, December.
    4. Matthew B. Canzoneri & Dale W. Henderson, 1991. "Monetary Policy in Interdependent Economies: A Game-Theoretic Approach," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031787, April.
    5. Alesina, Alberto F & Grilli, Vittorio, 1993. "On the Feasibility of a One- or Multi-Speed European Monetary Union," CEPR Discussion Papers 792, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mark M. Spiegel, 1998. "Monetary Union Expansion: The Role of Market Power in Trade," Working Papers in Applied Economic Theory 99-04, Federal Reserve Bank of San Francisco.
    2. Kohler, Marion, 2004. "Competing Coalitions in International Monetary Policy Games," Discussion Paper Series 26274, Hamburg Institute of International Economics.
    3. Beetsma, Roel M. W. J. & Lans Bovenberg, A., 1998. "Monetary union without fiscal coordination may discipline policymakers," Journal of International Economics, Elsevier, vol. 45(2), pages 239-258, August.
    4. Pompeo Posta & Valeria Bonis, 2009. "Strategic Interactions Among Central Bank and National Fiscal Authorities in a Monetary Union Subject to Asymmetric Country Shocks," Open Economies Review, Springer, vol. 20(2), pages 241-263, April.
    5. Kohler, Marion, 2004. "Competing coalitions in international monetary policy games," HWWA Discussion Papers 258, Hamburg Institute of International Economics (HWWA).
    6. Kohler, Marion, 2002. "Coalition formation in international monetary policy games," Journal of International Economics, Elsevier, vol. 56(2), pages 371-385, March.
    7. Krumm, Raimund & Herz, Bernhard, 1996. "The economic implications of voting requirements for the establishment of the European Monetary Union," Tübinger Diskussionsbeiträge 82, University of Tübingen, School of Business and Economics.
    8. Lane, Philip R., 1996. "Stabilization policy in a currency union," Economics Letters, Elsevier, vol. 53(1), pages 53-60, October.
    9. Beetsma, Roel M W J & Bovenberg, A Lans, 2000. "Designing Fiscal and Monetary Institutions for a European Monetary Union," Public Choice, Springer, vol. 102(3-4), pages 247-269, March.
    10. Marion Kohler, 1998. "Optimal currency areas and customs unions: are they connected?," Bank of England working papers 89, Bank of England.
    11. Martin, Philippe, 1995. "Free-riding, convergence and two-speed monetary unification in Europe," European Economic Review, Elsevier, vol. 39(7), pages 1345-1364, August.
    12. Valeria De Bonis & Pompeo Della Posta, 2005. "Strategic interactions between monetary and fiscal authorities in a monetary union," Working Papers de Economia (Economics Working Papers) 26, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
    13. Schor, Armand-Denis, 2000. "La théorie des zones monétaires optimales : l’optimum, le praticable, le crédible et le réel," L'Actualité Economique, Société Canadienne de Science Economique, vol. 76(4), pages 545-576, décembre.
    14. Ghosh, Atish R. & Wolf, Holger C., 1996. "On the mark(s): Optimum currency areas in Germany," Economic Modelling, Elsevier, vol. 13(4), pages 561-573, October.
    15. Lippi, Francesco & Fuchs, William, 2003. "Monetary Union with Voluntary Participation," CEPR Discussion Papers 4122, C.E.P.R. Discussion Papers.
    16. Joseph Daniels & David VanHoose, 1998. "Two-Country Models of Monetary and Fiscal Policy: What Have We Learned? What More Can We Learn?," Open Economies Review, Springer, vol. 9(3), pages 265-284, July.
    17. Nikitas Konstantinidis, 2008. "Gradualism and uncertainty in international union formation: The European Community’s first enlargement," The Review of International Organizations, Springer, vol. 3(4), pages 399-433, December.
    18. Meshack Tjirongo, 1995. "Short-term stabilization versus long-term price stability: evaluating Namibia`s membership of the Common Monetary Area," Economics Series Working Papers WPS/1995-18, University of Oxford, Department of Economics.
    19. Carrera, Jorge Eduardo, 1995. "Efectos precio y comercio en un area monetaria asimetrica [Price and trade effects in an asymmetric monetary area]," MPRA Paper 7844, University Library of Munich, Germany.
    20. Jean Pisani-Ferry, 1995. "L'Europe à géométrie variable, une analyse économique," Working Papers 1995-04, CEPII research center.

    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:prs:reveco:reco_0035-2764_1996_num_47_3_409818. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/reco .

    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.