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The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...
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ignorance in economic theory which allow talk to communicate different sorts of information. Knightian uncertainty, however …
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. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie …
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. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms …
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