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We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
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developments in learning and game theory, transaction costs and evolutionary economics to provide new insights into economic and …
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framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with …
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