Arbeitspapier

Policy Competition, Imitation and Coordination under Uncertainty

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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 compete internationally in a yardstick competition which gives rise to a potential distortion between what citizens want and what policymakers do. I find that policymakers’ policies as well as regime choice deviate from what citizens want but that an increase in uncertainty about policy outcomes decreases this distortion.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 9736

Klassifikation
Wirtschaft
Positive Analysis of Policy Formulation and Implementation
International Policy Coordination and Transmission
International Relations and International Political Economy: Other
Thema
uncertainty
policy competition and coordination
yardstick competition

Ereignis
Geistige Schöpfung
(wer)
Hefeker, Carsten
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2022

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Hefeker, Carsten
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2022

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