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guess the degree of overall cooperation. We also find that the possibility to make announcements during the experiment …
Persistent link: https://www.econbiz.de/10010507016
with the standard public choice theory predictions. In the first experiment we have shown that in a situation of 3-issues … cases does not arise. In experiment 2 we have shown that the adoption of the unanimity, instead of the majority, rule … reduced the suboptimizing effect of the ZAB, and produced a much higher rate of optimal agreements. Experiment 3 shows that …
Persistent link: https://www.econbiz.de/10010506640
Persistent link: https://www.econbiz.de/10002114765
This note focuses on the role of the planning horizon in monetary policy games. We analyze the case of an uncertain horizon of the monetary policy game that has not been considered, yet. In addition to that we will - different from the basic Barro-Gordon-model - assume a quadratic loss function...
Persistent link: https://www.econbiz.de/10010507752
Until recently"decelerationʺ has been little recognized as a technical term or as an idea, but now it seems to be getting more attention. Despite time is a decisive factor for the productivity and competitive advantages of companies continual acceleration may well be counter-productive and lead...
Persistent link: https://www.econbiz.de/10003415474
A theory is said to be fully absorbable whenever its own acceptance by all of the individuals belonging to a certain population does not question its predictive validity. This accounts for strategic equilibria and can be related to the logic underlying convergence of behaviour and intentional...
Persistent link: https://www.econbiz.de/10003581754
Forecasts of macroeconomic variables as the inflation rate serve as important guidelines for the private as well as the public sector. At least central banks that adopted an inflation targeting regime are in urgent need of high quality inflation forecasts. Accurate inflation forecasts are also...
Persistent link: https://www.econbiz.de/10010506648
Die Ökonomische Theorie des Haftungsrechts kommt zu dem Ergebnis, daß Haftungsregeln unter bestimmten Bedingungen dazu geeignet sind, externe Effekte zu internalisieren. Die allokativen Wirkungen von verschiedenen Haftungsregeln wurden in Deutschland insbesondere vor dem Hintergrund der...
Persistent link: https://www.econbiz.de/10010506662
Until recently decelerationʺ has been little recognized as a technical term, or as an idea. However, it seems to be getting more attention now. For example the German magazine STERN dedicated a cover story to deceleration, in the Anglo-American world the Quiet Life Hypothesisʺ is gaining...
Persistent link: https://www.econbiz.de/10002740654