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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26646
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| Title: | | The open method of coordination (OMC) as an evolutionary learning process  |
| Authors: | | Ania, Ana B. Wagener, Andreas |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2601 |
| Abstract: | | We interpret the Open Method of Coordination (OMC), recently adopted by the EU as a mode of governance in the area of social policy and other fields, as an imitative learning dynamics of the type considered in evolutionary game theory. The best-practise feature and the iterative design of the OMC correspond to the behavioral rule imitate the best. In a redistribution game with utilitarian governments and mobile welfare beneficiaries, we compare the outcomes of imitative behavior (long-run evolutionary equilibrium), decentralized best-response behaviour (Nash equilibrium), and coordinated policies. The main result is that the OMC allows policy coordination on a strict subset of the set of Nash equilibria, favoring in particular coordination on intermediate values of the policy instrument. |
| Subjects: | | Open Method of Coordination Finite-population Evolutionarily Stable Strategy imitation mobility redistribution |
| JEL: | | H77 H75 C73 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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