Showing 1 - 10 of 114
The overall purpose of this Behavioural Study on the Transparency of Online Platforms is to understand the impact of enhanced transparency on consumer trust and behaviour in searching and selecting goods and services on online platforms in three specific areas: Area #1: The general criteria used...
Persistent link: https://www.econbiz.de/10012036382
The question of u0093whereu0094 to regulate sales is of course connected to the further and more ample issue of u0093howu0094 to regulate. In its latest Green Paper, the Commission in fact asks both kinds of questions as regards, in particular, the contract of sale. Though this paper is aimed at...
Persistent link: https://www.econbiz.de/10009638690
Ageing of the population is likely to threaten the ability of states to finance welfare states and social protection …
Persistent link: https://www.econbiz.de/10011298681
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...
Persistent link: https://www.econbiz.de/10009635876
This paper investigates the in inflationary effects of fscal policy in an optimizing general equilibrium monetary model with capital accumulation, exible prices and wealth effects. The model is calibrated to Euro Area quarterly data. Simulation results show that government defcits, high debt...
Persistent link: https://www.econbiz.de/10009635879
This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...
Persistent link: https://www.econbiz.de/10009635883
u0091activistu0092 fiscal policy as a stabilisation tool is considered and a measure of the welfare gains from … international fiscal policy cooperation is derived. It is found that welfare gains from fiscal cooperation do exist provided … monetary policy is set cooperatively. There are also welfare gains from fiscal policy cooperation in a monetary union. However …
Persistent link: https://www.econbiz.de/10009635884
This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of...
Persistent link: https://www.econbiz.de/10009635885
already under relatively modest rates. Most contributions to monetary growth theory, however, have difficulties in explaining …
Persistent link: https://www.econbiz.de/10009635886
Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions. Third-party enforcement is modelled as a costly...
Persistent link: https://www.econbiz.de/10009635888