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The problem of coordination between policymakers seems to have created fundamental problems related to economic and social costs, targeted inflation, potential growth, and a high budget deficit. To resolve these problems in this framework, it is important to see the results of the interaction...
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this paper. They introduce the reader to variations of the Keynesian Beauty Contest (Keynes, The general theory of …
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Beauty Contest (Keynes, The General Theory of Employment, Interest, and Money, 1936), theoretically and experimentally with a …
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with the game theory of Proof-of-Work as rent-seeking contest and a lively account of the different ways of trust that … applied game theory and political economy (critical explorations in the theory of the current democracy, between populism and … new rights) and has contributed original papers in portfolio theory (with spin glasses applications) and Hicksian …
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Central Bank Digital Currencies (CBDCs) enable negative interest rates. A game is analyzed between a central bank (accounting for the government’s interest) and a representative household choosing to consume, hold CBDC, or hold non-CBDC. The central bank chooses negative interest rate when it...
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