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Macroeconomic Policy in a Heterogeneous Monetary Union

Grimm, Oliver; Ried, Stefan - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

We use a two-country model with a central bank maximizing union-wide welfareand two fiscal authorities minimizing comparable, but slightly differentcountry-wide losses. We analyze the rivalry between the three authorities inseven static games. Comparing a homogeneous with a heterogeneous...

Persistent link: https://www.econbiz.de/10005861018

Automating Coordination Mechanisms-Markets, Hierarchies, and Associations

Reimers, Kai; Li, Mingzhi - Technische Hochschule <Aachen> / Lehr- und … - 2000

coordination mechanisms and forms ofgovernance. Based on this distinction, a theoretical framework is developed which has twomain … hypotheses which, ifnot rejected by empirical tests, allow for a greater degree of confidence in the nature of thecausal … concerning IT´s impact on coordination mechanismsand, building upon this analysis, developing a second set of hypotheses …

Persistent link: https://www.econbiz.de/10005863241

EMOTIONS IN ELECTRONIC AUCTIONSA PHYSIO-ECONOMIC APPROACH ONINFORMATION SYSTEMS

Adam, Marc; Hagenau, Michael; Weinhardt, Christof; … - 2008

Though auctions show a prevailing dominance in electronic markets, our understanding of howauctions work on human behaviour is still rather limited. In this paper we analyse the impact ofemotional processes on the decision making of human agents in electronic auctions. The analysis isbased on a...

Persistent link: https://www.econbiz.de/10005864130

The Origins of Fair Play

Binmore, Ken - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

This lecture is a brief overview of an evolutionary theory of fairness. The ideasare fleshed out in a book Natural Justice, which is itself a condensed versionof an earlier two-volume book Game Theory and the Social Contract (Binmore[14, 12, 13])...

Persistent link: https://www.econbiz.de/10005865994

Collusion mechanisms in procurement auctions:An experimental investigation

Brosig, Jeannette; Güth, Werner; Weiland, Torsten - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

difficult to realize.We compare experimentally different coordination mechanisms in a first-price procurementauction in how they …

Persistent link: https://www.econbiz.de/10005866708

Perceiving strategic environments-An experimental study of strategy formation and transfer-

Nicklisch, Andreas - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Within the setting of two simple two-person coordinationgames the formation of subjective strategies is observed experimentally.Though the structure of the game is unknown playersuse their actions in order to coordinate on a specific equilibrium.Strategies enable them to interpret the...

Persistent link: https://www.econbiz.de/10005866779

Conventions for Selecting Among Conventions :An Evolutionary and Experimental Analysis

Büchner, Susanne; Güth, Werner; Miller, Luis M. - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2007

Conventions can be narrowly interpreted as coordinated ways of equilibriumplay, i.e., a specific convention tells all players in a game withmultiple strict equilibria which equilibrium to play. In our view, coordinationoften takes place before learning about the games. Thus, one hasto coordinate...

Persistent link: https://www.econbiz.de/10005866835

Modelling the role of credit rating agencies-Do they spark off a virtuous circle?

Bannier, Christina E.; Tyrell, Marcel - 2005

and coordination problems. We introduce arefined utility function of a credit rating agency that, additional to …

Persistent link: https://www.econbiz.de/10005866895

Effects of EU ¯nancial integration on banking con¯gurationand coordination strategies - Propositions and evidence

Kiehlborn, Thomas - 2005

differing degrees of integration in EU ¯nancial markets affect banking configuration and coordination strategies,and it tests …

Persistent link: https://www.econbiz.de/10005866896

Elektronische Marktplätze: Spielregeln für Betreiber virtueller Handelsräume

Kollmann, Tobias - Universität <Duisburg-Essen> / Lehrstuhl für … - 1998

Als Treffpunkt des virtuellen Handelns bilden sich zunehmend einzelne themenorientierte elektronische Marktplätze (EM) im Internet heraus, welche zwischen Angebot und Nachfrage vermitteln. Diese elektronischen Marktplätze werden von übergeordneten Marktplatzbetreibern geleitet, die nicht in...

Persistent link: https://www.econbiz.de/10005867843