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Hildenbrand, Werner - University of Bonn, Germany - 1986

Persistent link: https://www.econbiz.de/10005028208

Local Interactions as a Decentralized Mechanism Coordinating Equilibrium Expectations

Hohnisch, Martin - University of Bonn, Germany - 2005

decentralized coordination mechanism for equilibriumexpectations, facilitated by local interactions between agents. Interactions are … corresponds to a sunspot-free coordination state, convergence to a convex mixture of invariant measures engenders a sunspot … explains how coordination of expectations is actually achieved through direct interactions between agents. Any particular …

Persistent link: https://www.econbiz.de/10004968361

Taking a shower in Youth Hostels: risks and delights of heterogeneity

Matzke, Christina; Challet, Damien - University of Bonn, Germany - 2008

Tuning one's shower in some hotels may turn into a challenging coordination game with imperfect information. The …

Persistent link: https://www.econbiz.de/10005032219

Horizontal and Vertical Tax Externalities in a Multicountry World

Crivelli, Ernesto; Martincus, Christian Volpe - University of Bonn, Germany - 2007

Recent contributions on tax competition recognize the interaction between both horizontal and vertical tax externalities in a single federation. In this paper, we extend the theoretical analysis to a framework with multiple federations (a Union). We show that the relative size of a federation in...

Persistent link: https://www.econbiz.de/10005032207