Negotiation as quasi–budgeting: the salmon catch negotiations between two world fishery powers

Suggested from the study of budgeting, the quasi-budgeting framework is used to analyze a certain type of negotiation. Three pre-conditions are spelled out for using this framework. A simple structural equation model to account for how negotiation outcomes are determined on the basis of the Soviet-Japanese salmon catch negotiations in the Northwest Pacific for the 1957–1977 period is presented. The estimation results for the 1957–1976 period as well as the predictive performance for the 1977 negotiations are demonstrated to be fairly good, thereby suggesting that the quasi-budgeting framework is both conceptually powerful and methodologically feasible in the study of various international negotiations.