When Does It Take a Nixon to Go to China

Alex Cukierman () and Mariano Tommasi ()

Working Papers from Tel Aviv

Abstract: The main result of the paper is that policy reversals are more likely floowing realization of extreme and relatively unlikely values of parameters that map policy choice into outcomes. A corollary to this result is that policy reversals occur infrequently.

Keywords: DECISION MAKING; POLITICS; GAME THEORY (search for similar items in EconPapers)
JEL-codes: D70 D80 E60 C72 (search for similar items in EconPapers)
Date: 1997
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Related works:
Working Paper: Why Does it Take a Nixon to go to China? (1995)
Journal Article: When Does It Take a Nixon to Go to China? (1998)
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Persistent link: http://EconPapers.repec.org/RePEc:fth:teavfo:30-97

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