In this book he introduced concepts like focal point and credible commitment.

However, globalization is also undermining the capacities of states to act as viable sites for collective action and credible commitments.

But he would do so only with a credible commitment to reduce the deficit by an even greater amount when the economy is back on track.

That would be acceptable if it came with a credible commitment.

They can also form a credible commitment to low inflation.

Thirdly, bargaining may fail due to the states' inability to make credible commitments.

Like the Prisoner's dilemma, it provides a reason why collective action might fail in the absence of credible commitments.

For this, we need Europe to have a genuine commitment to human rights; an effective, credible and coherent commitment.

This referendum is a wake-up call for a credible commitment to our principal values.

Economics should build into its assumptions the notion that people can give credible commitments to a course of conduct.