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A note on the time inconsistency of strategic trade policy

✍ Scribed by Peter Welzel

Publisher
Springer US
Year
1992
Tongue
English
Weight
514 KB
Volume
3
Category
Article
ISSN
0923-7992

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✍ Milind Rao πŸ“‚ Article πŸ“… 1994 πŸ› Springer 🌐 English βš– 281 KB

It is well known that an agent can be hurt by accepting a gift, the donor of which is made better off. Why then does the recipient accept this welfare reducing gift? This paper examines the strategic aspects of the paradox. It shows that if the recipient refuses the gift, it would suffer an even gre