Jackson, Tom - In: Open Economies Review 2 (1991) 3, pp. 237-254
This paper presents a descriptive game model of economic cooperation in the Association of Southeast Asian Nations … (ASEAN). ASEAN's members appear in the game as Bayesian players, who maximize expected national welfare and who revise their … to the game that explains why in 1977 ASEAN chose a joint strategy of slow trade liberalization. Payoffs revised on the …