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Trade compromises between the European Community and the United States : An interest Group-Game Theory approach

Author

Listed:
  • Martin Johnson

    (Economic Research Service (USDA) and Farm Foundation)

  • Louis-Pascal Mahé

    (Unité d'économie et sociologie rurales de rennes - INRA - Institut National de la Recherche Agronomique)

  • Terry L. Roe

    (UMN - University of Minnesota System)

Abstract

The role of special interests in the prolonged U.S. and European Community negociations of agricultural policies under GATT are measured by an estimated political payoff function (PPF). The analysis searches for mutually acceptable agreements between the United States and the European Community using a world trade model coupled with game theory. Results suggest that it is the best interest of the United States for the EC to liberalize while the other follows the status quo. Mutual gains in PPF values to both countries are unlikely to exist without altering each country's action space. Permitting compensatory payments to the most influential groups yields liberalization, but free trade does not result.

Suggested Citation

  • Martin Johnson & Louis-Pascal Mahé & Terry L. Roe, 1993. "Trade compromises between the European Community and the United States : An interest Group-Game Theory approach," Post-Print hal-02381912, HAL.
    • Handle: RePEc:hal:journl:hal-02381912
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    Citations

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    Cited by:

    1. Kennedy, P. Lynn & Atici, Cemal, 1999. "A Game Theoretic Analysis Of Turkish Accession To A European Customs Union," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 28(2), pages 1-11, October.
    2. Roe, Terry L. & Gopinath, Munisamy, 1996. "World Trade Issues And Food Security," Working Papers 14425, University of Minnesota, Center for International Food and Agricultural Policy.
    3. Conforti, Piero, 2001. "The Common Agricultural Policy In Main Partial Equilibrium Models," Working Papers 14806, National Institute of Agricultural Economics, Italy - INEA, Osservatorio Sulle Politiche Agricole dell'UE.
    4. Cemal Atici, 2008. "Political Economy of Agricultural Policies and Environmental Weights," ICER Working Papers 25-2008, ICER - International Centre for Economic Research.
    5. 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.
    6. Guyomard, Herve & Mahe, Louis Adrien Pascal & Roe, Terry L. & Tarditi, Secondo, 1993. "The Cap Reform And Ec-Us Relations: The Gatt As A "Cap" On The Cap," Working Papers 14432, University of Minnesota, Center for International Food and Agricultural Policy.
    7. Atici, Cemal & Kennedy, P. Lynn, 2000. "A Game Theoretic Analysis of Turkey's Integration into the European Union," 2000 Conference, August 13-18, 2000, Berlin, Germany 197225, International Association of Agricultural Economists.
    8. Kennedy, P. Lynn & von Witzke, Harald & Roe, Terry, 1997. "International Strategic Agricultural Trade Policy Interdependence and the Exchange Rate: A Game Theoretical Analysis," 1997 Occasional Paper Series No. 7 198198, International Association of Agricultural Economists.
    9. Thilo Glebe & Klaus Salhofer, 2007. "EU agri‐environmental programs and the “restaurant table effect”," Agricultural Economics, International Association of Agricultural Economists, vol. 37(2‐3), pages 211-218, September.
    10. van Berkum, Siemen & van Meijl, Hans, 2000. "The application of trade and growth theories to agriculture: a survey," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(4), pages 1-38.
    11. de Gorter, Harry, 2008. "Explaining Inefficient Policy Instruments," Agricultural Distortions Working Paper Series 48638, World Bank.
    12. 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.
    13. Kallio, Panu K.S. & Abbott, Philip C., 1998. "Export Subsidies And Switching Costs In An Imperfectly Competitive International Wheat Market," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20789, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Atici, Cemal & Kennedy, P. Lynn, 2005. "Tradeoffs between income distribution and welfare: The case of Turkey's integration into the European Union," Journal of Policy Modeling, Elsevier, vol. 27(5), pages 553-563, July.

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