Showing 1 - 10 of 114
This chapter presents an application of competitive general equilibrium theory of markets in the spirit of Walras …, formalized in the 1950s by K. Arrow and by G. Debreu. In using general equilibrium theory to generate insight into current policy … (1970). The intention if to use formalized general equilibrium theory to derive general statements about the economic …
Persistent link: https://www.econbiz.de/10005790445
This is a prepublication version of the German language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels...
Persistent link: https://www.econbiz.de/10005619742
In this paper we present a two stage game of political lobbying for policies designed to enhance environmental quality. Unlike previous work which has tended to assume perfect monitoring of environmental quality in lobbying games we allow for imperfect monitoring of environmental quality. We...
Persistent link: https://www.econbiz.de/10005835582
Democracy resolves conflicts in difficult games like Prisoners’ Dilemma and Chicken by stabilizing their cooperative outcomes. It does so by transforming these games into games in which voters are presented with a choice between a cooperative outcome and a Pareto-inferior noncooperative...
Persistent link: https://www.econbiz.de/10005835685
Policymakers in modern and open economies face a macroeconomic trilemma (Obstfeld, Shambaugh, and Taylor 2005). There are three main sought-after objectives: 1. to stabilize the exchange rate; 2. to enjoy free international capital mobility 3. to engage in a monetary policy oriented toward...
Persistent link: https://www.econbiz.de/10005835947
We test the assumption that preferences are unchanged throughout a strategic game in the absence of feedback. To do so, we study the relationship between the strategic nature of a game and players' identification in social groups. We present evidence that the strategic nature of the game affects...
Persistent link: https://www.econbiz.de/10005835981
Analysts make competing claims about when and how politicians can use fear to gain support for suboptimal policies. Using a model, we clarify how common attributes of fear affect politicians’ abilities to achieve self-serving outcomes that are bad for voters. In it, a politician provides...
Persistent link: https://www.econbiz.de/10005836312
complexity employed by Rubinstein [6] in his economic theory of language. A proof of Rubinsein's conjecture on the complexity …
Persistent link: https://www.econbiz.de/10005837115
“Written with the attempt to tell credible history and possible scenes, in order to anticipate still latent tendencies, or in order to imagine communities and societies more civil, richer than reciprocity, in all its shapes. ” (pp. XV). From this ambitious premised the author of the issue...
Persistent link: https://www.econbiz.de/10005837376
theory and the economic theory of marginal utility. The Articles does so for exploring the relation of game theory or the …, though most attribute the new science of modern game theory to the field of mathematics, that the influence of corresponding … theory or the strategic game. …
Persistent link: https://www.econbiz.de/10005837542