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asymmetric costs, unborn generations, and asymmetries in information. Government failure in one country may reduce the optimal …
Persistent link: https://www.econbiz.de/10010334828
Persistent link: https://www.econbiz.de/10010334897
monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market …, as asymmetries in market expectations tend to increase before changes in the monetary policy stance, and to decrease …
Persistent link: https://www.econbiz.de/10011604361
We study the role of an imbalance in fighting strengths when players bargain in the shadow of conflict. Our experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is independent of the balance of power. If bargaining involves...
Persistent link: https://www.econbiz.de/10011637947
In this paper, we discuss the management of monetary policy of the Latin American central banks that have fully established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments. This analysis allows us to conclude that these...
Persistent link: https://www.econbiz.de/10011985528
We present a partial identification approach for ascending auctions wit bidder asymmetries, where bidders' asymmetric … yields tighter bounds than previous approaches that ignore asymmetry, demonstrating that bidder asymmetries can function as … and other objects of interest are noticeably tighter when exploiting bidder asymmetries. …
Persistent link: https://www.econbiz.de/10011995486
In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The maximization of joint profits is implausible, players disagree on the collusive action, and the outcome is often inefficient. For the example of a Cournot duopoly with asymmetric...
Persistent link: https://www.econbiz.de/10011929112
asymmetries in the business cycles. Toward that end, models that allow for asymmetric business cyclesÑdefined by the case where … about asymmetries in business cycles because most econometric models cannot capture empirically important asymmetries. In …
Persistent link: https://www.econbiz.de/10014620820
This paper assesses empirically two competing unemployment theories. It identifies one structural break in U.K. and German unemployment around 1980 that is more severe in both absolute and relative terms than that for the United States in 1973. This offers support for the structuralist theory. A...
Persistent link: https://www.econbiz.de/10014620849
more activist stabilisation policies. However, any suitable model should also include business cycle asymmetries, with …
Persistent link: https://www.econbiz.de/10009442364