ECPR

Install the app

Install this application on your home screen for quick and easy access when you’re on the go.

Just tap Share then “Add to Home Screen”



Political Research Exchange

Bounded Rational Policy Diffusion: The Case of Bilateral Investment Treaties

Presenter
Lauge Poulsen
The London School of Economics & Political Science
Authors
Lauge Poulsen
The London School of Economics & Political Science

Abstract
Given the sovereignty costs involved, it is a puzzle why practically all developing countries have signed up to bilateral investment treaties (BITs). Based on a critical review of existing accounts, the article suggests a novel explanation based on notions of bounded rationality. This follows recent literature on international policy diffusion using insights on systematic - and thus predictable - cognitive heuristics found in the behavioural economics discipline.
Share this page
 


Back to top