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...

The present work intends to bring few clarifications, hopefully useful, in the general problem of economic competition. As it is probably already known by the reader, most of the XXth century studies on this subject are almost mysteriously dominated by the neoclassical writers\\\'s (leaders...

The profit-maximizing and oligopoly bank model developed by Bresnahan and Lau allows determining the degree of market power held by an average bank. The equilibrium price equation includes a mark up, which is not used in the case of perfect competition but which is partially used in the case of...

We study learning in perfect competition. A representative price-taking firm sells a good whose quality is unknown to some buyers. The uninformed buyers use the price to infer information about quality. Even though the firm is a price-taker, information is disseminated though the price. It is...

There are many misconceptions on what behavioral economics is. This is essay clearly says what is behavioral economics. [CGD essay].

We investigate the dynamics of the nonlinear demand-supply model with expectations. We investigate the impact of expectations on the dynamics of the price. We determine the equilibria and investigate their local asymptotic stability. The global behaviour of the market is analysed numerically. We...

This paper explores the origin and development of the consumer choice paradigm as the core concept of German ordoliberal thought which has had a strong impact on EU competition policy and law. Outside Germany, ordoliberal thought is often identified exclusively with the learning of the original...

This paper analyzes Bolivia’s growth performance with a focus on the regional and sectoral patterns of growth, and examines the sources of growth. It discusses the evolution of the hydrocarbon sector, its importance in the economy, and reforms. It also analyzes the intergovernmental...