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The limitations of bargaining theory: a case study of the International Petroleum Company in Peru

Philip, George (1976) The limitations of bargaining theory: a case study of the International Petroleum Company in Peru. World Development, 4 (3). pp. 231-239. ISSN 0305-750X

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Identification Number: 10.1016/0305-750X(76)90029-2

Abstract

The usual bargaining model used to analyze the interaction of foreign companies and developing countries is inadequate because its political assumptions are usually misleading and tend to abstract from a highly complex reality. The case of the International Petroleum Company in Peru is used to illustrate how political parties there were constrained by the presence of a large foreign firm to act in certain ways which could not have been predicted by a ‘rational’ model of bargaining.

Item Type: Article
Official URL: http://www.elsevier.com/wps/find/journaldescriptio...
Additional Information: © 1976 Elsevier
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Government
Collections > Economists Online
Date Deposited: 24 Jan 2010 11:39
Last Modified: 14 Dec 2011 11:25
URI: http://eprints.lse.ac.uk/id/eprint/26751

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