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In this paper we investigate a delegation game in which the underling situation is represented by a standard Bertrand price competition. In contrast to Fershtman, Judd, and Kalai ([1987], hereafter FJK), we employ a weakly undominated SPNE as the equilibrium concept based on Shino [2012] and...
Persistent link: https://www.econbiz.de/10010282850
In this paper we investigate a delegation game in which the underling situation is represented by a standard Bertrand price competition. In contrast to Fershtman, Judd, and Kalai ([1987], hereafter FJK), we employ a weakly undominated SPNE as the equilibrium concept based on Shino [2012] and...
Persistent link: https://www.econbiz.de/10010607670
In this paper we study delegation environments based on Fershtman, Judd, and Kalai ([1987], hereafter FJK). By imposing a certain assumption on the notion of implementability, called implementability with mutually rational agents, they show that every efficient outcome can be fully implemented...
Persistent link: https://www.econbiz.de/10010607674
; Delegation Game ; Implementation …
Persistent link: https://www.econbiz.de/10009534114
, coordination games, and battle of sexes - every efficient outcome is fully implementable in U-SPNE. -- Implementation ; Delegation …
Persistent link: https://www.econbiz.de/10009534116
The ex ante analysis aims, among other aspects, to formulate public policies and design government programs that are born ready to be monitored and evaluated. Evidence-based policies and programs may be improved only if each step taken by public action leaves some traces for the monitoring of...
Persistent link: https://www.econbiz.de/10014486017
When governments launch policies or programs without any prior analysis, with unclear objectives, undefined or unjustifiable public selection, poorly conceptualized interventions, fragmented and often contradictory actions, without indicators and targets, and with insufficient inputs (small and...
Persistent link: https://www.econbiz.de/10014486068
governance over the referred problem. The core of an intervention project is implementation, that is, the execution of actions … provides recommendations so that the implementation to be carried out by the "street level" bureaucracy maintains its adherence … to the public policy strategy that originated it, avoiding what is known as the formulation of the implementation and …
Persistent link: https://www.econbiz.de/10014486135
We consider the problem of implementing optimal city size distributions. The planner would like to design a policy under which an optimum is achieved in the long-run from any initial state with neither direct population control nor knowledge of preferences. We show that the planner can lead an...
Persistent link: https://www.econbiz.de/10010636470
The ex ante analysis aims, among other aspects, to formulate public policies and design government programs that are born ready to be monitored and evaluated. Evidence-based policies and programs may be improved only if each step taken by public action leaves some traces for the monitoring of...
Persistent link: https://www.econbiz.de/10014232095