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Napel, Stefan; Widgrén, Mika - 2002

Traditional power indices ignore preferences and strategic interaction. Equilibrium analysis of particular non … lingering debate about the right approach to power analysis. A unified framework that works both sides of the street is … developed here. It rests on a notion of a posteriori power which formalizes players' marginal impact to outcomes in cooperative …

Persistent link: https://www.econbiz.de/10011410230

Enlargements and the principles of designing EU : decision-making procedures

Widgrén, Mika - 2003

classical power indices. The main emphasis in the assessment is in stability, efficiency and fairness. The paper concludes that …

Persistent link: https://www.econbiz.de/10011507661

Too big to prevail : the paradox of power in coalition formation

Ke, Changxia; Morath, Florian; Newell, Anthony; Page, Lionel - 2021

strategic disadvantage: a greater voting power in forming a winning coalition is undermined by the threat of being overly …

Persistent link: https://www.econbiz.de/10012494898

Bargaining and distribution of power in the EU's Conciliation Committee

Napel, Stefan; Widgrén, Mika - 2003

The European Union (EU) has moved towards bicameralism, making the codecision procedure its most important mechanism for decision making. To gauge if European Parliament (EP) and Council of Ministers (CM) are equally powerful codecision makers , understanding of the final stage of the procedure...

Persistent link: https://www.econbiz.de/10011509443

Monetary and fiscal policy design under EMU : a dynamic game approach

Aarle, Bas van; Engwerda, Jacob Christiaan; Plasmans, … - 2000

This paper analyzes the problem of designing macroeconomic stabilization policies within the European Monetary Union (EMU) as a dynamic game between a centralized monetary authority, the European Central Bank (ECB), and national fiscal policy makers. Non-cooperative feedback Nash equilibrium and...

Persistent link: https://www.econbiz.de/10009781533

Monetary and fiscal policy interaction in the EMU : a dynamic game approach

Aarle, Bas van; Engwerda, Jacob Christiaan; Plasmans, … - 2001

in structural characteristics, policy preferences and/or bargaining power. The paper introduces an analysis of …

Persistent link: https://www.econbiz.de/10011398097

The bail-out! : positive political economics of greek-type crises in the EMU

Fahrholz, Christian; Wójcik, Cezary - 2010

The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...

Persistent link: https://www.econbiz.de/10008697133

The impact of council's internal decision-making rules on the future EU

Widgrén, Mika (contributor) - 2008

Persistent link: https://www.econbiz.de/10003630729

For want of a chair : teaching price formation using a cap and trade game

Carattini, Stefano; Fenichel, Eli P.; Gordan, Alexander; … - 2019

The tradable or transferable permit system, "cap and trade", is one of the most innovative policy options developed by environmental economists. Over the last 40 years, cap and trade programs have been used around the globe by some of the world’s biggest economies. By placing a cap on a bad,...

Persistent link: https://www.econbiz.de/10011992341

Smart cap

Karp, Larry S.; Traeger, Christian - 2021

We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...

Persistent link: https://www.econbiz.de/10012438358

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