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Policymakers' horizon and the sustainability of international cooperation

  • Conconi, Paola
  • Sahuguet, Nicolas

This 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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Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 93 (2009)
Issue (Month): 3-4 (April)
Pages: 549-558

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Handle: RePEc:eee:pubeco:v:93:y:2009:i:3-4:p:549-558
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505578

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  1. Conconi, Paola & Sahuguet, Nicolas, 2005. "Re-election Incentives and the Sustainability of International Cooperation," CEPR Discussion Papers 5401, C.E.P.R. Discussion Papers.
  2. Giovanni Maggi, 1999. "The Role of Multilateral Institutions in International Trade Cooperation," American Economic Review, American Economic Association, vol. 89(1), pages 190-214, March.
  3. Paola Conconi & Nicolas Sahuguet & Maurizio Zanardi, 2014. "Democratic Peace and Electoral Accountability," ULB Institutional Repository 2013/145492, ULB -- Universite Libre de Bruxelles.
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  13. John Ferejohn, 1986. "Incumbent performance and electoral control," Public Choice, Springer, vol. 50(1), pages 5-25, January.
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  19. Lohmann, Susanne, 1993. "Electoral cycles and international policy cooperation," European Economic Review, Elsevier, vol. 37(7), pages 1373-1391, October.
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