Speciic Institutional Aspects of International Cooperation a Game Theoretic Account
نویسنده
چکیده
If one abstracts from specially organized markets like stock or commodity exchanges, (international) trade relies on bargaining between the interested parties. Whereas earlier the results of bargaining were seen as unpredictable or determined by an at most vaguely deened concept of (relative) bargaining power, it is simply a eld of application in view of game theory. Our discussion tries to elaborate the speciic institutional aspects of international bargaining with interacting parties from diierent countries. Especially, we concentrate on the problem when contracts resulting from international bargaining are unenforceable.
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