Neumärker, Karl Justus Bernhard (contributor); … - 2003 - [Elektronische Ressource]
the government actually obeys such a restriction has, to our
knowledge, never been answered in the literature. Clearly … better off under the constitution. Under common
knowledge there are multiple equilibria for a range of preference parameter … back and not switching back after a
violation in the case of common knowledge. In section 5 we reconsider the decision to …