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 | |
| State | Published - Apr 1989 |
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