haku: @author Kohler, M. / yhteensä: 1
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| Tekijä: | Kohler, M. |
| Otsikko: | Coalition formation in international monetary policy games |
| Lehti: | Journal of International Economics
2002 : MAR, VOL. 56:2, p. 371-385 |
| Asiasana: | FREE RIDERS INTERNATIONAL MONETARY SYSTEM MONETARY POLICY |
| Vapaa asiasana: | COALITIONS |
| Kieli: | eng |
| Tiivistelmä: | This paper analyses coalition formation in monetary policy coordination games between n countries. The authors show that some but not all countries may join if the decision to be a member of the coalition is incentive-compatible for the individual country. Positive spillovers of the coalition formation process and the resulting free-rider problem limit the stable coalition size. |
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