Policy Competition, Imitation and Coordination Under Uncertainty

Policy Competition, Imitation and Coordination Under Uncertainty

The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and compete in...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 18-2022)
Format: Article
Language:English
Published: Philipps-Universität Marburg 2022
Subjects:
policy competition and coordination
Wirtschaft
Uncertainty
yardstick competition.
Economics
Online Access:PDF Full Text
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