Showing 1 - 10 of 475
Persistent link: https://www.econbiz.de/10005145662
Persistent link: https://www.econbiz.de/10000789755
Persistent link: https://www.econbiz.de/10000817183
Persistent link: https://www.econbiz.de/10001146802
If there are no restrictions on the extent to which government plans can be made contingent, then there is some Paretian government with an optimal plan that never reaches a node at which deviation from the plan would yield a Pareto improvement. (At unreached nodes deviations from the optimal...
Persistent link: https://www.econbiz.de/10014073876
The paper offers a game-theoretic framework for discussing commitment and time consistency. We show when a commitment (or just the appearance of one) is valuable, how valiable it is, and whether the commitment is time consistent. We formulate restrictions on the set of eligible commitments....
Persistent link: https://www.econbiz.de/10014073930
The paper formalizes several of the ideas about commitment set out by Thomas Schelling in 'The Strategy of Conflict'. Using a game-theoretic framework we formalize and interpret 'promise' and 'threat' as different species of commitment. We also distinguish the 'pure promise', the 'pure threat',...
Persistent link: https://www.econbiz.de/10014073929
Persistent link: https://www.econbiz.de/10004310874
Persistent link: https://www.econbiz.de/10004620547
Persistent link: https://www.econbiz.de/10001434393