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Prominent numbers, indices and ratios in exchange rate determination and financial crashes : in Economists' models, in the field and in the laboratory

Pope, Robin; Selten, Reinhard; Kube, Sebastian; Hagen, … - 2009

laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and … are also incompatible with prospect theory which assumes that, while the evaluation stage can involve systematic mistakes … model and identify what is a mistake, and b) decision makers can maximise. However, contrary to prospect theory, in the …

Persistent link: https://www.econbiz.de/10003867227

Rules vs. Targets : Climate Treaties Under Uncertainty

Gersbach, Hans; Oberpriller, Quirin - 2012

We demonstrate the advantages of a climate treaty based solely on rules for international permit markets when there is uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule. Each signatory can freely choose the...

Persistent link: https://www.econbiz.de/10014041072

Preferential trade agreements harm third countries

Mossay, Pascal; Tabuchi, Takatoshi - In: The economic journal : the journal of the Royal … 125 (2015) 589, pp. 1964-1985

Persistent link: https://www.econbiz.de/10011441313

Preferential trade agreements harm third countries

Mossay, Pascal; Tabuchi, Takatoshi - 2012

Persistent link: https://www.econbiz.de/10009674513

Enhancing resilience : model-based simulations

Kancs, D'Artis - 2022

Since several years, the fragility of global supply chains (GSCs) is at historically high levels. In the same time, the landscape of hybrid threats is expanding. This paper aims to assess the economies' foreign input reliance and foreign market reliance, identify possible vulnerabilities by...

Persistent link: https://www.econbiz.de/10013443613