Construct · 1 fields · 1 citations

war of attrition model of delayed stabilization: a standalone construct

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war of attrition modelof delayed stabilization1 CONSTRUCTWar of attrition modelALESINA · DEVELOPMENT

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Development economics

a model in which groups disputing who bears the cost of reform delay stabilization until one concedes, so needed adjustment is postponed.

In development economics, war of attrition model of delayed stabilization refers to a model in which groups disputing who bears the cost of reform delay stabilization until one concedes, so needed adjustment is postponed. This meaning comes from Alesina (1989) in Why are Stabilizations Delayed?.[1]

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Nearby constructs

attrition2 fields · 2 citationsjingle · one word, two constructscost4 fields · 4 citationsjingle · one word, four constructsdevelopment1 fields · 2 citationsanchor · a standalone construct

References

  1. Alesina, A., & Drazen, A. (1989). Why are Stabilizations Delayed?. National Bureau of Economic Research. https://doi.org/10.3386/w3053

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