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Energieträgern und ein mittelfristiger Verzicht auf Kernenergie angestrebt werden. Diese Studie untersucht die Koordination von … Innovations-, Energie- und Umweltpolitik. Ohne eine derartige Koordination droht ein Verlust an Effektivität - die Ziele werden … Implikationen für eine effektive und effiziente Koordination der Politiken zu ziehen …
Persistent link: https://www.econbiz.de/10011698415
This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission of information as in Bala and Goyal (2000). We propose a similar network's model with the difference that it is characterized by an endogenous rate of information decay....
Persistent link: https://www.econbiz.de/10010312452
This paper shows how distance may be used to coordinate on a unique equilibrium in which trade agreements are regional. Trade agreement formation is modeled as coalition formation. In a standard trade model with no distance between countries, a familiar problem of coordination failure arises...
Persistent link: https://www.econbiz.de/10010312565
We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat the one-way and the two-ways flow models, each for high and low link costs. The models show both multiple equilibria and coordination problems. We conduct experiments under...
Persistent link: https://www.econbiz.de/10010312592
Environmental policy provides one of the oldest and most puzzling cases of policy coordination in the European Union (EU). The integration (or mainstreaming) of environmental objectives into non environmental policies such as agriculture, energy and transport, has a long history and commands...
Persistent link: https://www.econbiz.de/10010319012
In classical game theory, players have finitely many actions and evaluate outcomes of mixed strategies using a von Neumann-Morgenstern utility function. Allowing a larger, but countable, player set introduces a host of phenomena that are impossible in finite games. Firstly, in coordination...
Persistent link: https://www.econbiz.de/10010281392
Precedents can facilitate successful coordination within groups by reducing strategic uncertainty, but they may lead to coordination failure when two groups with diverging precedents have to interact. This paper describes an experiment to explore how such coordination failure can be mitigated...
Persistent link: https://www.econbiz.de/10010281540
We present an experiment in which extrinsic information (signals) may generate sunspot equilibria. The underlying coordination game has a unique symmetric non-sunspot equilibrium, which is also risk-dominant. Other equilibria can be ordered according to risk dominance. We compare treatments with...
Persistent link: https://www.econbiz.de/10010281551
Seit langem strebt die Finanzpolitik das Ziel eines ausgeglichenen Haushalts an. Ist dies jeweils mit den übrigen gesamtwirtschaftlichen Zielen vereinbar? Hat es in Deutschland in der Vergangenheit eine Makropolitik aus einem Guss gegeben? Wie sollte eine solche verzahnte Finanzpolitik aussehen?
Persistent link: https://www.econbiz.de/10010283175
This paper addresses the effectiveness of fiscal policy at zero nominal interest rates. I analyze a stochastic general equilibrium model with sticky prices and rational expectations and assume that the government cannot commit to future policy. Real government spending increases demand by...
Persistent link: https://www.econbiz.de/10010283417