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We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … order beliefs becomes a natural desideratum. We discuss recent approaches to robust mechanism design and robust …
Persistent link: https://www.econbiz.de/10005123850
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It …
Persistent link: https://www.econbiz.de/10011276387
The paper considers the implications of recent changes in the EC relationship with the Central & Eastern European Countries (CEECs) for the EC's traditional links with ACP countries. After reviewing some important aspects of the trade regime implemented by the Lomé Convention, the paper...
Persistent link: https://www.econbiz.de/10005662406
in the candidate countries assign greater weight on future benefits from liberalization and integration than on potential …
Persistent link: https://www.econbiz.de/10005666521
. Intra-industry trade flows relative to sales, which are also used as a proxy for international integration, do not appear to …
Persistent link: https://www.econbiz.de/10005666859
Beyond `1992' the EFTA countries face the choice between a permanent European Economic Area (EEA) accord, and seeking full membership of the European Community. The paper analyses this choice, focusing on the Nordic EFTA countries.
Persistent link: https://www.econbiz.de/10005666875
The advent of the single currency within the European Union provides a natural experiment to measure how the cost of equity changes as globalization takes place. This is because the launch of the single currency has led to the elimination of currency-related restrictions on the composition of...
Persistent link: https://www.econbiz.de/10005666905
Both Russia and the EU are undertaking significant changes in foreign trade relations. Russia seeks WTO accession and the EU has concluded negotiations enlarging the union with ten new members. Against this background, what economic relationship can EU and Russia develop? The Paper analyses the...
Persistent link: https://www.econbiz.de/10005667019
then examine how both the integration and the agglomeration process inside a given country affects the pattern of …) both integration and agglomeration in one country reduces the likelihood to observe agglomeration in the partner country. …
Persistent link: https://www.econbiz.de/10005791590
substantial. EMU has indeed contributed to greater economic integration - however, economic linkages with the rest of the world …
Persistent link: https://www.econbiz.de/10005791619