generate endogenous fluctuation or chaos …

, cycles and chaos. More importantly we find that there is an interesting interaction between the relative risk aversion coeï … into cycles and chaos, the higher the degree of openness of the economy is. Although the perils of Taylor rules are evident …

for externalities, substitutabilities and complementarities. Firms' cost parameter is private information and is … independently distributed across firms. Externalities are type dependent. This has two consequences: first, even though the private …, which makes the use of variational methods possible. A further consequence of having type-dependent externalities, which …

We analyze the formation and competition of market intermediaries when there are positive participation externalities … between the two sides of the market; negative participation externalities within the same side; competition with traditional …

, private information, and identity-dependent externalities. We derive the seller's optimal mechanism and characterize its main … commonly used in practice is an optimal mechanism if externalities are sufficiently large …