Policymakers' horizon and the sustainability of international cooperation
AbstractThis paper examines the impact of policymakers' horizon on the sustainability of international cooperation. We describe a prisoners' dilemma game between two infinitely-lived countries run by policymakers. We show that re-election incentives can act as a discipline device, making it easier to sustain cooperation between policymakers with finite but potentially renewable mandates than between infinitely-lived policymakers. We also show that, when voting suffers from a recency bias, policymakers may have incentives to "collude" to get re-elected and term limits may help international cooperation.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Public Economics.
Volume (Year): 93 (2009)
Issue (Month): 3-4 (April)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/505578
Self-enforcing cooperation Re-election incentives Term limits;
Other versions of this item:
- Paola Conconi & Nicolas Sahuguet, 2009. "Policymakers' Horizon and the Sustainability of International Cooperation," ULB Institutional Repository 2013/98547, ULB -- Universite Libre de Bruxelles.
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