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Using the recent EC Commission report `One Market, One Money' as a point of reference, we consider the merits of a single currency in Europe. The main benefit is the reduction in transaction costs, which the report estimates at 0.4% of European Community (EC) GDP (but much less in countries with...
Persistent link: https://www.econbiz.de/10005114257
long run and in response to shocks, and we compare commitment under Nash competition and under cooperation. By deriving a … cooperation. …
Persistent link: https://www.econbiz.de/10005114306
We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model relations are the links, and the value of the network lies in its ability to...
Persistent link: https://www.econbiz.de/10005114333
We consider a local interaction model with a population on an h dimensional torus, in which in each round of play a random player gets a learning draw. This player plays a k+1 action stage game with players in his neighborhood, compares his own average payoff with the average payoff of the...
Persistent link: https://www.econbiz.de/10005118616
Central bank cooperation depends on a few crucial parameters: the extent to which central bankers agree on theory (end … institutional) to achieve their collective goals; and whether the broader political environment facilitates or impedes cooperation … backgrounds. These conditions may be conducive to high levels of cooperation in the future. Second, I explore the "easiest" form …
Persistent link: https://www.econbiz.de/10005121438
We conduct experiments in urban slums to measure trust and cooperation and to see how behavior varies with demographic …
Persistent link: https://www.econbiz.de/10005432514
with higher levels of cooperation. To test this hypothesis we design field experiments to measure the in-group cooperative … behavior of members of religious and secular Israeli kibbutzim, communal societies for which mutual cooperation is a matter of …
Persistent link: https://www.econbiz.de/10005432525
We examine gender differences in trust in another party?s cooperation (CC) or its ability (AC). While men and women do … not differ concerning trust in cooperation, gender has a strong influence when trust in another subject?s ability is …
Persistent link: https://www.econbiz.de/10005432670
prospects for cooperation given the need for the firm to learn the environment and its rival's output. We show how a firm …'s profit and cooperation rates are affected by its size, its rival's size and willingness to cooperate and environmental …
Persistent link: https://www.econbiz.de/10005561514
legal responsibility by the guest-workers, new insurance markets, and cooperation with the sending country or countries. …
Persistent link: https://www.econbiz.de/10005566473