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We propose an equilibrium concept, the Robust Nash equilibrium (RNE), that combines the best-reply rationality and the first mover invariance condition. The single-stage 2x2 symmetric information game G is transformed into sequential two-stage games with two sub-trees: STA has the row player...
Persistent link: https://www.econbiz.de/10010333521
We investigate the effects of two accountability measures on the decisions of the local governments under decentralization. Using a panel of Philippine municipalities and cities in three election years, we find that term limits have negative but weak effects on the provision of health insurance...
Persistent link: https://www.econbiz.de/10010333528
Using a panel dataset from cities and municipalities in the Philippines in 2001, 2004 and 2007, we investigate whether yardstick competition
Persistent link: https://www.econbiz.de/10010333538