- 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 …

enhance welfare. The paper offers a new theory to explain why stress tests are generally welfare enhancing. We also offer a …

simultaneously risen in most countries. Moreover, the gross profitability of firms seems to be lower in high-tax countries, even …

simultaneously risen in most countries. Moreover, the gross profitability of firms seems to be lower in high-tax countries, even …