Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/168203 
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Political Economy II No. E20-V2
Publisher: 
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel, Hamburg
Abstract: 
Reforms are often introduced in one region and afterwards adapted by other regions. This paper analyzes a model where policy diffusion can be explained by competition for mobile resources. I provide conditions under which initially symmetric regions realize reforms sequentially and a reform initiated in one region is afterwards adapted by another region. Forward-looking agents anticipate the policy convergence and respond less to the reform than the current difference in policies would imply.
JEL: 
D78
F23
H77
Document Type: 
Conference Paper

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