This paper investigates the impacts of progressive trade openness, technological externalities, and heterogeneity of … make the symmetric equilibrium unstable, generating equilibrium multiplicity, while sufficient heterogeneity of individuals … leads to the stability and uniqueness of the symmetric equilibrium. …

This paper analyzes the instability introduced into multilateral agreements by two types of heterogeneity …: heterogeneity of countries (size and number of producing members) and heterogeneity of lobbies (asymmetric influence at the national …

the forecasts of the private sector and the central bank are heterogenous but information is symmetric. Here we analyze …

This paper investigates the impacts of progressive trade openness, technological externalities, and heterogeneity of … make the symmetric equilibrium unstable, generating equilibrium multiplicity, while sufficient heterogeneity of individuals … leads to the stability and uniqueness of the symmetric equilibrium. …

implications of heterogeneity in forecasting by the central bank and private agents for the performance of interest rules in a … restrictive assumption that forecasts of the private sector and the central bank are homogenous. This paper studies the …

required under aggregation. This suggests that heterogeneity may affect the local stability of the learning scheme but that in … agents and homogeneous learning. We study the local stability of REEs under heterogeneous adaptive learning, for the broad … class of self-referential linear stochastic models. We introduce three types of heterogeneity related to the way agents …

. Accordingly, assuming that long-term price stability is valued, the most appropriate way to compare the levelized cost of these …

The purpose of this study is to examine competition in the electric power industry from an industrial organization … varieties of electric power competition, organized along two dimensions: producer competition and consumer competition. Chapters … 5 and 6 identify the issues raised by competition along the two dimensions. These issues include efficiency, equity …

The purpose of this study is to examine competition in the electric power industry from an ``industrial organization … varieties of electric power competition, organized along two dimensions: producer competition and consumer competition. Chapters … 5 and 6 identify the issues raised by competition along the two dimensions. These issues include efficiency, equity …

Abstract: This paper documents large cross-country variation in the relationship between bank competition and bank … stability and explores market, regulatory and institutional features that can explain this variation. We show that an increase … in competition will have a larger impact on banks’ fragility in countries with stricter activity restrictions, lower …