The Political Instability of Reciprocal Trade and the Overthrow of the Hawaiian Kingdom
研究了1876年夏威夷与美国互惠条约如何因动态博弈恶化夏威夷谈判地位，最终在1893年导致君主制被推翻，对理解大小国间优惠贸易关系的政治经济有启示。
The overthrow of the Hawaiian monarchy in 1893 offers an illuminating case study of the political economy of preferential trading relationships between large and small countries. The limited-term reciprocity treaty of 1876 between Hawaii and the United States generated problematic strategic dynamics, as the normal operation of the treaty gradually worsened Hawaii’s bargaining position. This allowed the United States to extract better terms when the treaty expired in 1883 and to act opportunistically in 1890 with the passage of the McKinley Tariff. The political economy of the treaty contributed significantly to the overthrow of the Hawaiian monarchy.