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Institution Building without Commitment

By: Contributor(s): Material type: TextTextPublication details: American Economic Review; 2024Description: 3427-3468ISSN:
  • 0002-8282
Subject(s): Online resources: Summary: 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
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Article Index Article Index Dr VKRV Rao Library Vol. 114, No. 11 Not for loan AI1091

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

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