Extra-Constitutional Commitment Mechanisms
Year: 2022
Type: article
Abstract: The solution to many public dilemmas requires long-term effort by successive generations. Such situation arises whenever the solution to a public dilemma cannot be implemented instantaneously but is dependent on the continuous effort of future governments (and their citizens). In this post I discuss the problem of securing intergenerational cooperation, focusing on the challenge of designing long-term commitment mechanisms. I will also reflect briefly on the tension between commitment mechanisms and the democratic ideal of citizen sovereignty (allowing each generation to make its own choices).
Author: Perez, Oren
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4403787229