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Alesina Drazen (1991) - Why Are Stabilizations Delayed (view source)
Revision as of 22:30, 25 May 2010
, 22:30, 25 May 2010no edit summary
:<math>\underbrace{\left(-\frac{f(\theta)}{F(\theta)}\frac{1}{t'(\theta)}\right \frac{2 \alpha -1}{r}}{\mbox{benefit of waiting another instant to concede}}= \underbrace{\gamma (\theta + \frac{1}{2} - \alpha}{mbox{cost of waiting another instant to concede}}\,</math>
