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 …

This article analyses through a rent seeking model, the relationship between institutions' quality and natural … resources. Depending on the institutions quality, each country has a specific structural capacity to stand natural resources … resources begin to have a negative impact on institutions. As the stock of natural resources increases, this improves the …

commitment theory through an oath. …

exhaust the stock, the contracts are fully separating and similar to those implemented under full commitment. The efficient … commitment and the tax revenue is lower. However, those contracts may not be incentive compatible if the discount factor and the …

improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment device, we ask …

improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment device, we ask …

-world institution of the solenn oath can improve preference elicitation. Applying the social psychology theory on the oath as a truth-telling-commitment …

commitment mechanism can eliminate corruption when it is pure extortion. Otherwise, when corruption can affect allocation and the … separating equilibrium in which only the high quality firms commit is guaranteed when commitment decisions are kept secret, but … requires some conditions on firms' beliefs when commitment decisions are publicly announced. Generally, a unilateral commitment …