G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10458
DP10458 Collective Self Control
Alessandro Lizzeri; Leeat Yariv
发表日期2015-03-01
出版年2015
语种英语
摘要Behavioral economics presents a "paternalistic" rationale for a benevolent government's intervention. We consider an economy where the only ?distortion? is agents? time inconsistency. We study the desirability of various forms of collective action, ones pertaining to costly commitment and ones pertaining to the timing of consumption, when government decisions respond to voters? preferences via the political process. If only commitment decisions are centralized, commitment investment is more moderate than if all decisions are centralized. Commitment investment is minimal when only consumption is centralized. First-period welfare is highest under either full centralization or laissez faire, depending on the populations? time-inconsistency distribution.
主题Public Economics
关键词Behavioral political economy Time inconsistency Hyperbolic discounting
URLhttps://cepr.org/publications/dp10458
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/539290
推荐引用方式
GB/T 7714
Alessandro Lizzeri,Leeat Yariv. DP10458 Collective Self Control. 2015.
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