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FISCAL-MONETARY POLICY COORDINATION AND DEBT MANAGEMENT: A TWO STAGE DYNAMIC ANALYSIS

Bartolomeo, Giovanni Di; Gioacchino, Debora Di - EconWPA - 2005

This paper studies the interaction between two autonomous policymakers, the central bank and the government, in managing public debt as the result of a two-stage game. In the first stage the institutional regime is established. This determines the equilibrium solution to be applied in the second...

Persistent link: https://www.econbiz.de/10005412623

Extortion as an Obstacle to Economic Growth: A Dynamic Game Analysis

Dawid, Herbert; Feichtinger, Gustav; Novak, Andreas - EconWPA - 2001

In this paper we use a differential game analysis to study the dynamic strategic interaction between a criminal gang extorting money from local shop-owners and the local police force. In particular, we are interested in characterizing which factors are important in determining whether the...

Persistent link: https://www.econbiz.de/10005118582

Optimal two stage committee voting rules

Ayres, Ian; Rowat, Colin; Zakariya, Nasser - EconWPA - 2004

We study option management by committee. Analysis is illustrated by tenure decisions. Our innovations are two-fold: we treat the committee's problem as one of social choice, not of information aggregation; and we endogenise the outside option: rejecting a candidate at either the probationary or...

Persistent link: https://www.econbiz.de/10005118661

The Bad Government: A Source of Uncertainty and Business Fluctuations

Harashima, Taiji - EconWPA - 2004

Uncertainty represented by volatilities in equity markets has been observed to be time-variable and lead output … fluctuations. In the rational expectation framework, uncertainty with this nature needs exogenous variables with time … that supervisions and law enforcement that reduce cheatings in contracts is one of the ultimate sources of uncertainty. The …

Persistent link: https://www.econbiz.de/10005077043

Model Uncertainty, Complexity and Rank in Finance

Los, Cornelis A. - EconWPA - 2004

. There are at least five equivalent ways of representing the measured model uncertainty and a new and an improved risk … - uncertainty, complexity and rank. First, the concept of epistemic uncertainty is sufficient for modeling and the concept of … probability is unnecessary. This is illustrated by 'Galton's Error,' and the under-repesentation of systematic risk by American …

Persistent link: https://www.econbiz.de/10005119076

The Strong Sequential Core in a Dynamic Exchange Economy

Predtetchinski, Arkadi; Herings, P. Jean-Jacques; … - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005118590

TRUST OF MODERNITY, MODERNITY OF TRUST. CONSIDERATIONS AND RESEARCH HYPOTHESIS

CONTE, MASSIMO - EconWPA - 2005

NEED TO RECONSIDER OUR ACTIONS/DECISIONS WITH RISK AND TROUBLES, SO 'TRUSTING' IS GOING TO HAVE AN IMPORTANT ROLE AS … AND WE WONT TO AVOID THE RISK OF BEING DECEIVED. THESE SOCIAL INTERACTIONS ARE PRECONDITIONS THAT HAVE MANY CONSEQUENCES …

Persistent link: https://www.econbiz.de/10005126102

Quantum Market Games

Piotrowski, E. W.; Sladkowski, J. - EconWPA - 2001

We propose a quantum-like description of markets and economics. The approach has roots in the recently developed quantum game theory. Quantum Zeno paradoxes and noncomutative quantum mecanics are also discussed.

Persistent link: https://www.econbiz.de/10005407589

Bayesianism without Learning

Samet, Dov - EconWPA - 1999

According to the standard definition, a Bayesian agent is one who forms his posterior belief by conditioning his prior belief on what he has learned, that is, on facts of which he has become certain. Here it is shown that Bayesianism can be described without assuming that the agent acquires any...

Persistent link: https://www.econbiz.de/10005407613

NIGERIA'S RESPONSE TO THE DYNAMIC TELECOMMUNICATIONS

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003

IT SEEMS APPROPRIATE TO ASK WHAT IS SPECIAL ABOUT INFORMATION AND INFORMATION TECHNOLOGY BEFORE ONE SETS OUT TO ANSWER THE QUESTION OF HOW INVESTMENTS IN INFORMATION INFRASTRUCTURE SHOULD BE VALUED AND REGULATED.THIS PROJECT THEREFORE DISCUSSES THE THEORETICAL AND PRACTICAL CONCEPTS UNDERLYING...

Persistent link: https://www.econbiz.de/10005407756