G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2242
DP2242 The European Business Cycle
Michael Artis; Hans-Martin Krolzig; Juan Toro
发表日期1999-09-30
出版年1999
语种英语
摘要In this paper we combine a non-cooperative decision-making game in a federal structure with two levels of interest and an incomplete contract which sets the rules of the game. The question we pose is how to combine ex ante efficiency of the design with ex post efficiency of the outcomes in the decision-making game. The paper shows that in common policies there are no designs that lead to both types of efficiency but flexible integration is a way to achieve both.
主题International Macroeconomics ; International Trade and Regional Economics
关键词Incomplete contracts Integration Legislative bargaining Non-cooperative games
URLhttps://cepr.org/publications/dp2242
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531343
推荐引用方式
GB/T 7714
Michael Artis,Hans-Martin Krolzig,Juan Toro. DP2242 The European Business Cycle. 1999.
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