Policymakers' horizon and the sustainability of international cooperation

A-Tier
Journal: Journal of Public Economics
Year: 2009
Volume: 93
Issue: 3-4
Pages: 549-558

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper examines the impact of policymakers' horizon on the sustainability of international cooperation. We describe a prisoners' dilemma game between two infinitely-lived countries run by policymakers. We show that re-election incentives can act as a discipline device, making it easier to sustain cooperation between policymakers with finite but potentially renewable mandates than between infinitely-lived policymakers. We also show that, when voting suffers from a recency bias, policymakers may have incentives to "collude" to get re-elected and term limits may help international cooperation.

Technical Details

RePEc Handle
repec:eee:pubeco:v:93:y:2009:i:3-4:p:549-558
Journal Field
Public
Author Count
2
Added to Database
2026-01-25