A Coalition-Formation Approach to Equilibrium Federations and Trading Blocs

A Coalition-Formation Approach to Equilibrium Federations and Trading Blocs
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平衡联盟和贸易集团的联盟形成方法

DOI:
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发表时间:
1997
期刊:
The American Economic Review
影响因子:
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通讯作者:
A. Sengupta
A. Sengupta
中科院分区:
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文献类型:
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作者:
J. Burbidge;J. DePater;Gordon M. Myers;A. Sengupta

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作者开发了一个模型,在该模型中,各国可以选择组建联盟,以从政策协调中获取效率收益。加入联盟需要设定政策变量,以使联盟在纳什均衡下相对于非成员的总收益最大化,并承诺采用转移计划来分享收益。具有两种状态,独特的平衡结构是完全联邦;对于两个以上的状态,不完全联邦可以是唯一的平衡。从关税同盟的角度解释这一结果,即使关税同盟内部存在合作和转移,贸易集团形成的趋势也可能是均衡行为。美国经济协会版权所有 1997。
The authors develop a model in which states may choose to form coalitions to capture efficiency gains from policy coordination. Joining a coalition entails setting the policy variable to maximize the coalition's aggregate payoff at a Nash equilibrium against nonmembers and to commit to a transfer scheme to share the gains. With two states, the unique equilibrium structure is complete federation; with more than two states, incomplete federation can be the unique equilibrium. Interpreting this result in terms of custom unions, the trend to trading-bloc formation may be equilibrium behavior even with cooperation and transfers within customs unions. Copyright 1997 by American Economic Association.