Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...

This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, and (iv) communication in committees. Moreover, we review recent experimental...

Why do large European banks lobby for monetary union? We show in a game-theoretic model that monetary union can trigger a change in the structure of the market for international banking transactions with asymmetric effects on profits: large banks are induced to cooperate internationally and gain...

This paper explores the effects of inheritance taxation and income taxation on the growth rate in an endogenous growth model with altruistic parents. Human capital is accumulated according to the Standard Lucas specification. The government raises taxes in order to finance a non-productive...

This paper explores the effects of inheritance taxation and income taxation on the growth rate in an endogenous growth model with altruistic parents. Human capital is accumulated according to the Standard Lucas specification. The government raises taxes in order to finance a non-productive...

Why do large European banks lobby for monetary union? We show in a game-theoretic model that monetary union can trigger a change in the structure of the market for international banking transactions with asymmetric effects on profits: large banks are induced to cooperate internationally and gain...