Bassetto, Marco

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