Matches in SemOpenAlex for { <https://semopenalex.org/work/W1515149701> ?p ?o ?g. }
Showing items 1 to 71 of
71
with 100 items per page.
- W1515149701 abstract "Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government that must decide whether to build a dam to prevent adverse effects of floods on the incomes of floodplain residents. In this example, it is socially inefficient to build the dam and for people to live on the floodplain, with this outcome being the unique equilibrium under policy commitment. Under discretion, there are two equilibria. First, if agents believe that few of their fellow citizens will move to the floodplain, then they know that the government will choose not to build the dam, and there is therefore no incentive for anyone to locate there. Second, if agents believe that there will be many floodplain residents, they know that the government will choose to build the dam, and even small benefits of living on the floodplain will lead them to choose that location. In this second equilibrium, all individuals are worse off." @default.
- W1515149701 created "2016-06-24" @default.
- W1515149701 creator A5011312843 @default.
- W1515149701 date "2006-03-01" @default.
- W1515149701 modified "2023-09-23" @default.
- W1515149701 title "Discretionary Policy and Multiple Equilibria" @default.
- W1515149701 cites W1488556245 @default.
- W1515149701 cites W2078652693 @default.
- W1515149701 hasPublicationYear "2006" @default.
- W1515149701 type Work @default.
- W1515149701 sameAs 1515149701 @default.
- W1515149701 citedByCount "0" @default.
- W1515149701 crossrefType "posted-content" @default.
- W1515149701 hasAuthorship W1515149701A5011312843 @default.
- W1515149701 hasConcept C100001284 @default.
- W1515149701 hasConcept C138885662 @default.
- W1515149701 hasConcept C144133560 @default.
- W1515149701 hasConcept C148220186 @default.
- W1515149701 hasConcept C155681218 @default.
- W1515149701 hasConcept C162324750 @default.
- W1515149701 hasConcept C175444787 @default.
- W1515149701 hasConcept C17744445 @default.
- W1515149701 hasConcept C199539241 @default.
- W1515149701 hasConcept C205649164 @default.
- W1515149701 hasConcept C2777632292 @default.
- W1515149701 hasConcept C2778137410 @default.
- W1515149701 hasConcept C29122968 @default.
- W1515149701 hasConcept C41895202 @default.
- W1515149701 hasConcept C58640448 @default.
- W1515149701 hasConceptScore W1515149701C100001284 @default.
- W1515149701 hasConceptScore W1515149701C138885662 @default.
- W1515149701 hasConceptScore W1515149701C144133560 @default.
- W1515149701 hasConceptScore W1515149701C148220186 @default.
- W1515149701 hasConceptScore W1515149701C155681218 @default.
- W1515149701 hasConceptScore W1515149701C162324750 @default.
- W1515149701 hasConceptScore W1515149701C175444787 @default.
- W1515149701 hasConceptScore W1515149701C17744445 @default.
- W1515149701 hasConceptScore W1515149701C199539241 @default.
- W1515149701 hasConceptScore W1515149701C205649164 @default.
- W1515149701 hasConceptScore W1515149701C2777632292 @default.
- W1515149701 hasConceptScore W1515149701C2778137410 @default.
- W1515149701 hasConceptScore W1515149701C29122968 @default.
- W1515149701 hasConceptScore W1515149701C41895202 @default.
- W1515149701 hasConceptScore W1515149701C58640448 @default.
- W1515149701 hasLocation W15151497011 @default.
- W1515149701 hasOpenAccess W1515149701 @default.
- W1515149701 hasPrimaryLocation W15151497011 @default.
- W1515149701 hasRelatedWork W1548739229 @default.
- W1515149701 hasRelatedWork W1555908457 @default.
- W1515149701 hasRelatedWork W1565624279 @default.
- W1515149701 hasRelatedWork W1586563945 @default.
- W1515149701 hasRelatedWork W1966693530 @default.
- W1515149701 hasRelatedWork W2162946983 @default.
- W1515149701 hasRelatedWork W2336132624 @default.
- W1515149701 hasRelatedWork W2480227960 @default.
- W1515149701 hasRelatedWork W2481423172 @default.
- W1515149701 hasRelatedWork W2558300138 @default.
- W1515149701 hasRelatedWork W2890775618 @default.
- W1515149701 hasRelatedWork W299560177 @default.
- W1515149701 hasRelatedWork W3122530533 @default.
- W1515149701 hasRelatedWork W3125725111 @default.
- W1515149701 hasRelatedWork W3125942407 @default.
- W1515149701 hasRelatedWork W340766030 @default.
- W1515149701 hasRelatedWork W2147358150 @default.
- W1515149701 hasRelatedWork W2303648383 @default.
- W1515149701 hasRelatedWork W2479165105 @default.
- W1515149701 hasRelatedWork W53890675 @default.
- W1515149701 isParatext "false" @default.
- W1515149701 isRetracted "false" @default.
- W1515149701 magId "1515149701" @default.
- W1515149701 workType "article" @default.