Dynamic coalition formation and equilibrium policy selection
نویسندگان
چکیده
منابع مشابه
Dynamic Coalition Formation and Equilibrium Policy Selection*
A model of policy formulation is proposed in which the government and the private sector form dynamic coalitions for the purpose of choosing policy actions. However, current players cannot commit their future selves to any particular actions. Defining an equilibrium to be an unblocked sequence of actions, we show that an equilibrium exists and is unique even though, in general, cooperative outc...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 1989
ISSN: 0304-3932
DOI: 10.1016/0304-3932(89)90004-4