Institution Building without Commitment
- American Economic Review 2024
- 3427-3468
We propose a theory of gradualism in the implementation of good policies, suitable for environments featuring time consistency. We downplay the role of the initial period by allowing agents both to wait for future agents to start equilibrium play and to r
0002-8282
Fiscal Policies and Behavior of Economic Agents International Trade Organizations Repeated Games Trade Policy Wealth and Policy Objectives Macroeconomics