Non-cooperative and Cooperative Policy Reforms under Uncertainty and Spillovers

Non-cooperative and Cooperative Policy Reforms under Uncertainty and Spillovers

When countries need to implement costly economic policy reforms, these often imply uncertainties about their effectiveness for the home country and their spillovers to other countries. We develop a model to show that under these circumstances countries implement too few or too many policy reform...

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Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 07-2017)
Autoren: Hefeker, Carsten, Neugart, Michael
Format: Artikel
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2017
Schlagworte:
policy uncertainty
Policy reforms
insurance
Wirtschaft
spillovers
free-riding, subsidy
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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