Summary This paper is a brief history of game theory with its main theme being the nature of the decision makers … developments of what many believe to be progress in game theory. The first stage, classical game theory, is defined by John von … Neumann’s and Oskar Morgenstern’s pioneering book “Game Theory and Economic Behavior” which introduced the concept of …

. Es erweist sich, dass die Divergenz in den Wachstumsraten der USA und der EU seit 1997 fast zur Gänze auf …

-und Erwartungsbildung im (Städte-)Tourismus ist.  … touristic comparison and observation. Using notions and concepts derived from sociological systems theory the functions of …

results show that the incidence of informal employment is directly linked with EPL, volatility, and labor bargaining power. We …

estimation methodology, we investigate the degree and direction of dissemination in the volatility of economic growth. Our …’s economic growth volatility to affect other countries. Thus, an economic recession for example in one country, does not affect … all countries equally across regime type. Second, growth volatility is not simply a North-South phenomenon, but a South …

Abstract This paper uses a dynamic framework of a small open economy to study the volatility effects of partially … stabilizing, i. e. lead to a lower volatility than a fully anticipated monetary policy shock of the same form. (ii) However, we …

This paper examines the stability, predictability, volatility, time varying risk premiums and persistence of shocks to … volatility in the ten Middle Eastern and African (ME&A) emerging stock markets. Although the majority of ME&A markets only … finds ME&A markets to be unpredictable. The findings on volatility in the emerging market indicate that eight out of the ten …

the conditional volatility models of the GARCH class. We find that the differences between the opening price of one day … effects of modifying the direct impact of daily innovations on volatility and reducing the estimated overall persistence of …