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 …

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 …

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 …

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. …

. 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 …

regional bank competition and stability. This implies that a moderate level of bank competition is required to keep bank risks … regional focus. In this paper we construct measures of competition and economic activity using regional data to examine bank …National measures of competition and macroeconomic activity have been used by researchers in recent years to explain …