Kempf, Hubert; Thadden, Leopold von - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008
This paper offers a framework to study commitment and cooperation issues in games with multiple policymakers. To … characterized by different commitment and cooperation schemes can admit the same equilibrium outcome if certain spillover effects …, commitment and cooperation are non-trivial issues. Yet, in linear-quadratic models with multiple policymakers commitment and …