Arbeitspapier

Policy competition, imitation and coordination under uncertainty

to related objects

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.

Language: Englisch

Bibliographic citation: Series: MAGKS Joint Discussion Paper Series in Economics ; No. 18-2022

Classification: Wirtschaft
Positive Analysis of Policy Formulation and Implementation
International Policy Coordination and Transmission
International Relations and International Political Economy: Other

Subject: Uncertainty
policy competition and coordination
yardstick competition

Event: Geistige Schöpfung

(who): Hefeker, Carsten

Event: Veröffentlichung

(who): Philipps-University Marburg, School of Business and Economics

(where): Marburg

(when): 2022

Handle: http://hdl.handle.net/10419/262319

Last update: 10.03.2025, 11:44 AM CET

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Object type

Arbeitspapier

Associated

Hefeker, Carsten
Philipps-University Marburg, School of Business and Economics

Time of origin

2022

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