Showing 1 - 10 of 211
We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … order beliefs becomes a natural desideratum. We discuss recent approaches to robust mechanism design and robust …
Persistent link: https://www.econbiz.de/10005123850
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It …
Persistent link: https://www.econbiz.de/10011276387
-West border; political integration is not rapidly followed by economic integration. Instead, we estimate that it takes at least …
Persistent link: https://www.econbiz.de/10008496456
design with ex post efficiency of the outcomes in the decision-making game. The paper shows that in common policies there are … no designs that lead to both types of efficiency but flexible integration is a way to achieve both. …
Persistent link: https://www.econbiz.de/10005123705
. Closer integration can bring converging industrial development to the union. A hub-and-spoke arrangement favours location in …
Persistent link: https://www.econbiz.de/10005123966
harmonization can foster financial integration. The results are especially strong for equity holdings. It is verified that the …
Persistent link: https://www.econbiz.de/10005124356
differentiating between actual and planned citizenship. Using the German Socio-Economic Panel, we measure the impact that integration …, but not to those educated in Germany. We find that the degree of integration in German society has a differential effect …
Persistent link: https://www.econbiz.de/10005124484
integration. Other work surveyed suggests that in some industries, however, integration could be harmful, that taxing EC industry …
Persistent link: https://www.econbiz.de/10005136688
This paper analyzes the impact of deregulation and market integration policies on the structure of European banking … markets. It argues that whether European integration will lead to large increases in EU-wide concentration will depend on the …
Persistent link: https://www.econbiz.de/10005067386
questioned, they can be classified into four states - assimilation, integration, separation and marginalization. This is …
Persistent link: https://www.econbiz.de/10005039582