Policy cooperation among benevolent governments may be undesirable

Patrick J. Kehoe

doi:10.2307/2297462

Policy cooperation among benevolent governments may be undesirable

Patrick J. Kehoe

Economics (Twin Cities)

Research output: Contribution to journal › Article › peer-review

127 Scopus citations

Abstract

This paper presents a simple counterexample to the belief that policy cooperation among benevolent governments is desirable. It also explains circumstances under which such counterexamples are possible and relates them to the literature on time inconsistency. © 1989 The Review of Economic Studies Limited.

Original language	English (US)
Pages (from-to)	289-296
Number of pages	8
Journal	Review of Economic Studies
Volume	56
Issue number	2
DOIs	https://doi.org/10.2307/2297462
State	Published - Apr 1989

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abstract = "This paper presents a simple counterexample to the belief that policy cooperation among benevolent governments is desirable. It also explains circumstances under which such counterexamples are possible and relates them to the literature on time inconsistency. {\textcopyright} 1989 The Review of Economic Studies Limited.",

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Policy cooperation among benevolent governments may be undesirable

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