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Can econometric analysis make (agricultural) economics a hard science? Critical remarks and implications for economic methodology
Petrick, Martin - 2004
) claims to follow and expresses some serious doubt that econometrics in particular can make economics a hard science …
Persistent link: https://www.econbiz.de/10010322736
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Econometric causality
Heckman, James Joseph - 2008
This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to...
Persistent link: https://www.econbiz.de/10010274247
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Multi-Market Competition and Coordination in Games
Ganslandt, Mattias - 1997
This thesis consists of one essay in industrial organization and two essays in non-cooperative game theory. …
Persistent link: https://www.econbiz.de/10010334644
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The New Basel Accord and the Nature of Risk: A Game Theoretic Perspective
Siebe, Wilfried; Milde, Hellmuth; Broll, Udo; Bieta, Volker - 2007
– game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …
Persistent link: https://www.econbiz.de/10010296819
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To Help or not to Help: The Samaritan's Dilemma Revisited
Schmidtchen, Dieter - 1999
Helping somebody may undermine his incentives to work. What Buchanan identified more than 25 years ago as the Samaritan's dilemma is basically a time-inconsistency problem. The paper discusses possible solutions of the dilemma such as punishment within an iterated game, reshaping the game in the...
Persistent link: https://www.econbiz.de/10010296908
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Product innovation and product innovation marketing: theory and microeconometric evidence
Kaiser, Ulrich - 2001
This paper derives a three stage Cournot?oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10010297768
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Währungspolitische Interdependenz der EU-Beitrittskandidaten und die Wahl eines geeigneten Wechselkurssystems
Jochem, Axel - 1999
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier vorgestellte Kapitel geht auf die...
Persistent link: https://www.econbiz.de/10010300396
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Strategic pricing of financial options
Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009
need an approach explaining interdependent actions. Game theory is in a position to offer proper olutions. This paper …
Persistent link: https://www.econbiz.de/10010301361
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A Positive Framework to Analyze Sovereign Bail-outs within the EMU
Fahrholz, Christian; Wójcik, Cezary - 2011
We propose a positive formal framework for analyzing sovereign bail-outs in the context of the European Monetary Union (EMU) with a view to making policy recommendations regarding improvements to the EMU institutional architecture. We build our analysis on a political economic game-theoretic...
Persistent link: https://www.econbiz.de/10010334489
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Uniqueness in Infinitely Repeated Decision Problems
Vieille, Nicolas; Weibull, Jörgen W. - 2002
Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...
Persistent link: https://www.econbiz.de/10010334653