In this paper the trade restrictiveness of agricultural policies in Iran was measured by the TRIindex for the nine major agricultural products including wheat, rice, barely, maize, soybean,meat (beef meat), soybean oil, sugar and banana over the period 1981 to 2007. The main resultsindicate that there is no trend in above index and high volatility especially in 2006 and 2007years due to conside...

The world oil market is modelled as a two-person non-zero-sum game in normal form with each player having a continuum of strategies. The two players are the oil importing nations (OPIC) and the oil exporting nations (OPEC). The game is solved in the noncooperative sense using the equilibrium point solution concept due to Nash. The Nash equilibrium point solution yields an analytic expression fo...

Negotiations proceed differently across cultures. For realistic modeling of agents in multicultural negotiations, the agents must display culturally differentiated behavior. This paper presents an agent-based simulation model that tackles these challenges, based on Hofstede’s model of national cultures. The context is a trade network for goods with a hidden quality attribute. The negotiation mo...

In practice, central banks have been confronted with a trade-o¤ between stabilising in‡ation and output when dealing with rising oil prices. This contrasts with the result in the standard New Keynesian model that ensuring complete price stability is the optimal thing to do, even when an oil shock leads to large output drops. To reconcile this apparent contradiction, this paper investigates how ...

In this paper, we present an automated multi-agent multi-issue negotiation solution to solve a resource allocation problem. We use a multilateral negotiation model, by which three agents bid sequentially in consecutive rounds till some deadline. Two issues are bundled and negotiated concurrently, so winwin opportunities can be generated as trade-offs exist between issues. We develop negotiation...

Negotiation is an essential business activity for establishing trade relationships between partners (Yuan and Turel 2004). As the business environment becomes more dynamic in this global setting, negotiation between partners is required more often. Negotiation is the key decision-making approach used to reach consensus whenever partners cannot achieve their goals (Thompson 2000). Advanced techn...

Introduction The international biodiesel production increased steadily and exponentially from 2000 to 2007 (WBGU, 2008). More than half of this increase can be attributed to biodiesel production in the European Union (EU). The production of biodiesel in Europe depends mostly on canola oil (e.g. Ho, 2006). As a result, Europe naturally had an increase in the demand for canola oil. In fact, the i...

 Libya experienced a substantial increase in oil revenue as a result of increased oil prices during the period of the late 1970s and early 1980s, and again after 2000. Recent increases in oil production and the price of oil, and their positive and negative macroeconomic impacts upon key macroeconomic variables, are of considerable contemporary importance to an oil dependent economy such as that...