Reliability and Responsibility: a Theory of Endogenous Commitment
نویسندگان
چکیده
منابع مشابه
A Theory of Endogenous Commitment∗
Commitment is typically modeled by assigning to one of the players the ability to take an initial binding action. The weakness of this approach is that the fundamental question of who has the opportunity to commit cannot be addressed, as it is assumed. This paper presents a framework in which commitment power arises endogenously from the fundamentals of the model. We construct a finite dynamic ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.808924