Most existing models of fiscal competition between states within federations or regional unions share at least two … common features. First, they focus on inter-jurisdictional competition in but one policy instrument, for example, taxes …, public goods or environmental quality. The second is that the models capture policy competition as a game and analyze the …

general-equilibrium approach of the neoclassical school. In the first part the author shortly reviews the theme of …

. Under perfect competition, sellers' asking prices converged onto the theoretical equilibrium price. This performance was …, can find their way to supply/demand equilibrium. A multi-agent model was used to simulate the evolution of autonomously …- learnt rule-governed behaviour, (i), under perfect competition, and (ii), in a more commercially realistic environment …