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The Economics of Lawmaking$
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Francesco Parisi and Vincy Fon

Print publication date: 2009

Print ISBN-13: 9780195374155

Published to Oxford Scholarship Online: January 2009

DOI: 10.1093/acprof:oso/9780195374155.001.0001

Ratification and Reservations

The Effects of Reciprocity *

Chapter:
(p. 237 ) FIFTEEN Ratification and Reservations
Source:
The Economics of Lawmaking
Author(s):

Francesco Parisi

Vincy Fon

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195374155.003.0015

This chapter examines the second important step in the process of treaty formation: treaty ratification. It develops a simple game-theoretic model of treaty ratification to understand the efficacy and the limits of Articles 19-21 of the Vienna Convention in promoting cooperation through international treaty agreements. It analyzes the rules governing treaty ratification and reservations under the 1969 Vienna Convention. It formalizes the intuition put forth in the previous literature, according to which the matching-reservations mechanism introduced by Article 21 provides an effective solution to such a prisoner's dilemma.

Keywords:   treaty ratification, treaty formation, lawmaking, game-theoretic model, Vienna Convention, matching-reservations mechanism, Article 21

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