Policy Cooperation Among Benevolent Governments May Be Undesirable
用一个简单反例说明,仁慈政府间的政策合作可能并非好事,并解释了这类反例出现的条件,将其与时间不一致性文献联系起来。
This paper presents a simple counterexample to the belief that policy cooperation among benevolent governments is desirable. It also explains circumstances under which such counter-examples are possible and relates them to the literature on time inconsistency.