The GATT Negotiations and US/EC Agricultural Policies Solutions to Noncooperative Games
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Countries cooperate in negotiating treaties. However, treaty compliance is noncooperative; signatories comply with treaties only if compliance leaves them better off than noncompliance. US and EC agricultural policies of 1986 are modeled through a noncooperative game. Bilateral treaties, formalizations of Nash Equilibria, are presented which improve US and EC welfare.