Using actual trade and tariff data for the United States and the European Community, this paper demonstrates how a trade negotiation such as the Tokyo Round, can be modelled as a game among countries attempting to minimize individual welfare loss functions. Once welfare functions are...

Using actual trade and tariff data for the United States and the European Community, this paper demonstrates how a trade negotiation such as the Tokyo Round, can be modelled as a game among countries attempting to minimize individual welfare loss functions. Once welfare functions are...

Attempt to quantify the gains and losses for India from the changes in import tariffs decided during the Tokyo round of multilateral trade negotiations. Focus is laid on exports to the EEC, Japan, and the USA. Results indicate that gains for India from most-favoured nation tariff cuts far...