Abstract
Three trade wars are examined using variable-sum game theory. The Anglo-Hanse trade wars (1300–1700) are explained as an iterated Prisoners' Dilemma that failed to evolve into cooperation due to transaction costs, rent seeking, and economic recession. The late-igthcentury tariff war between France and Italy is a case of an asymmetric trade war that illustrates the danger to a weak country of provoking a trade war with a strong country, with the result that the former is forced to make major concessions. The Hawley-Smoot conflicts of the 1930s are cited as an example of the cooperation-inhibiting effect of publicness in trade negotiations.
Keywords
Trade warNegotiationEconomicsRecessionDilemmaTariffBilateral tradeInternational tradeMultilateral trade negotiationsFree tradeTrade barrierInternational economicsPolitical scienceKeynesian economicsLawChinaPhilosophy
Affiliated Institutions
Related Publications
The impact of ideas on trade policy: the origins of U.S. agricultural and manufacturing policies
Since the close of World War II, the United States has supported contradictory trade policies. In manufacturing, the United States has fostered a liberal trade regime, spurning ...
A taxonomy of middle-agents for the Internet
Like middle-men in physical world, middle-agents assist in locating and connecting the ultimate (information or goods) provider with the ultimate requester in the electronic wor...
The Talking Platypus Phenomenon: Competency Ratings as a Function of Sex and Professional Status
Ratings of vocational competence, marriageability, and interpersonal success were made by male and female subjects of a stimulus person described in a one-page, single-spaced bi...
Global business : planning for sales and negotiations
Part I: Understanding Global Economies. The Importance of Thinking Globally. Cultural Classification Model. Part II: Global Strategies of Australia, Canada, Northwestern and Cen...
Publication Info
- Year
- 1985
- Type
- article
- Volume
- 38
- Issue
- 1
- Pages
- 147-172
- Citations
- 74
- Access
- Closed
External Links
Social Impact
Altmetric
PlumX Metrics
Social media, news, blog, policy document mentions
Citation Metrics
74
OpenAlex
Cite This
John A. C. Conybeare
(1985).
Trade Wars: A Comparative Study of Anglo-Hanse, Franco-Italian, and Hawley-Smoot Conflicts.
World Politics
, 38
(1)
, 147-172.
https://doi.org/10.2307/2010354
Identifiers
- DOI
- 10.2307/2010354