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The Sustainability of Optimal Cooperative Macroeconomic Policies in a Two-Country World
Currie, David; Levine, Paul L - C.E.P.R. Discussion Papers - 1986
The paper investigates the sustainability of cooperative rules for the conduct of macroeconomic policy in a two-country world. The problem is set out as a supergame in which the threat strategy is to switch to a Nash non-cooperative equilibrium. A number of possible non-cooperative equilibria...
Persistent link: https://www.econbiz.de/10005281334
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Strategic teaching and learning in games
Schipper, Burkhard - Economics Department, University of California-Davis - 2015
It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic leading to Nash equilibrium in all finite games that a...
Persistent link: https://www.econbiz.de/10011266667
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Understanding Fixed Point Theorems
Arnold, Lutz G. - Wirtschaftswissenschaftliche Fakultät, Universität … - 2003
Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...
Persistent link: https://www.econbiz.de/10005607526
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Non-Economic Engagement and International Exchange: The Case of Environmental Treaties
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2006
We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...
Persistent link: https://www.econbiz.de/10005666580
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Fraud and free riding in tropical forests – on the potential for certification to enforce sustainable resource use indirectly
Lippert, Christian - In: German Journal of Agricultural Economics 58 (2009) 3
Certification schemes for forest products are understood by many as a way to promote sustainable resource use when it is impossible to rely on direct enforcement of process standards. Based on the concept of ‘Self-Enforcing Contracts’, this study develops a market model that simulates the...
Persistent link: https://www.econbiz.de/10011142856
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Die Reputation der Fleischwirtschaft: eine Kausalanalyse
Albersmeier, Friederike; Spiller, Achim - In: Journal of International Agricultural Trade and Development 59 (2010) 4
Arbeit die Reputation der Fleischwirtschaft umfassend untersucht. Unter Verwendung der Partial Least Squares Methode (PLS …) von untergeordneter Relevanz sind. Die Analysen verdeutlichen die große Bedeutung der Reputation zur Erklärung … vegetarians in the population. In order to investigate the extent of these difficulties, this study analyses the reputation of the …
Persistent link: https://www.econbiz.de/10011143162
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On Reputation: A Microfoundation of Contract Enforcement and Price Rigidity
Fehr, Ernst; Brown, Martin; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2008
price rigidity. Reputation powerfully amplifies the positive effects of social preferences on contract enforcement by … interactions, suggesting that it may aggravate price rigidities. Surprisingly, reputation in fact weakens the wage and price …
Persistent link: https://www.econbiz.de/10005822329
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On the Notion of Responsibility in Organizations
Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2004
this task. We show, that those announced beliefs lead to a self fulfilling prophecy as the reputation of the responsible …
Persistent link: https://www.econbiz.de/10005822649
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10005822832
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Engineering Trust - Reciprocity in the Production of Reputation Information
Bolton, Gary; Greiner, Ben; Ockenfels, Axel - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2009
, leading to more accurate reputation information, more trust and more efficient trade. We discuss the implications for theory …Reciprocity in feedback giving distorts the production and content of reputation information in a market, hampering …
Persistent link: https://www.econbiz.de/10005824138