This paper studies equilibrium selection in supermodular games based on perfect foresight dynamics. A normal form game is played repeatedly in a large society of rational agents. There are frictions: opportunities to revise actions follow independent Poisson processes. Each agent forms his belief about the future evolution of the action distribution in the society, and takes an action that maxi...

Fiscal foresight—the phenomenon that legislative and implementation lags ensure that private agents receive clear signals about the tax rates they face in the future—is intrinsic to the tax policy process. This paper develops an analytical framework to study the econometric implications of fiscal foresight. Simple theoretical examples show that foresight produces equilibrium time series with a ...

This study aimed to investigate the impact of strategic foresight on crisis management effectiveness at Greater Amman Municipality in Jordanian capital. The relied four dimensions measure foresight: environmental scanning, future vision, choice and scenarios building, while it identified effectiveness: response speed, team effectiveness, communication information flow resource mobilization. was...

In 2005, the Finnish Government took a decision in principle on the structural development of the public research system.This decision spurred the twomain funding agencies – theAcademy of Finland and the Finnish Funding Agency for Technology and Innovation (Tekes) – to carry out FinnSight 2015, a joint foresight exercise that would provide inputs to this strategy, foster collaboration between t...