Showing 1 - 10 of 14
The paper examines the range of national experiences of communist rule in terms of the aspiration to ‘overtake and outstrip the advanced countries economically’. It reviews the causal beliefs of the rulers, the rise and fall of their economies (or, in the case of China, its continued rise),...
Persistent link: https://www.econbiz.de/10010758449
We model a learning dynamic in which players imitate and innovate. Of interest is to question whether Nash equilibrium play emerges, and if so, the role that imitation plays in this emergence. Our main result provides a general class of coordination games for which approximate Nash equilibrium...
Persistent link: https://www.econbiz.de/10005368642
In this paper the authors calculate OCA-indexes for industrial countries in an effort to estimate the benefit-cost ratio of adopting a common currency. The results correspond to the estimation of Bayoumi and Eichengreen (1997b) and show that the ranking of the economies suitable to form a...
Persistent link: https://www.econbiz.de/10005178293
view that the market is becoming more competitive and also indicates that there remain significant potential benefits to …
Persistent link: https://www.econbiz.de/10005178333
an imitation dynamic and provide conditions under which play evolves to an imitation equilibrium ; convergence is …
Persistent link: https://www.econbiz.de/10005748223
Persistent link: https://www.econbiz.de/10005583037
We study the effects of market structure on entry using data from the UK fast food (counter-service burger …)industry over the years 1991-1995. Over this period, the market can be characterized as a duopoly. We find that market structure … matters greatly: for both firms, rival presence increases the probability of entry. We control for market specific time …
Persistent link: https://www.econbiz.de/10005146927
Persistent link: https://www.econbiz.de/10005747044
long been perceived as anticompetitive devices, used by dominant firms to block entry into their market. In a real options …
Persistent link: https://www.econbiz.de/10005747052
Persistent link: https://www.econbiz.de/10005747090