The main aim of this paper is to examine how the current European Commission guidelines issued in 2004 on the application of Article 101(3) of the Treaty on the Functioning of the European Union (TFEU) (hereinafter: Commission guidelines) could be improved to allow undertakings to assess their...

Das vorliegende Handbuch soll einen Überblick über die Befragungen des ifo Instituts sowie die daraus resultierenden Konjunkturindikatoren und deren Verwendung für die Prognose volkswirtschaftlicher Kennzahlen liefern. Des Weiteren ist es als Interpretationshilfe für den Umgang mit den...

Many environmental problems represent social dilemma situations where individually rational behaviour leads to collectively suboptimal outcomes. Communication has been found to alleviate the dilemma and stimulate cooperation in these situations. Yet, the knowledge of what type of information...

This study explores mechanism design for networks of interpersonal relationships. Agents' social (more or less altruistic or spiteful) preferences and private payoffs are all subject to asymmetric information; utility is quasi-linear. Remarkably, the asymmetry of information about agents' social...

We consider a frictionless constant endowment economy based on Leeper (1991). In this economy, it is shown that, under an ad-hoc monetary rule and an ad-hoc fiscal rule, there are two equilibria. One has active monetary policy and passive fiscal policy, while the other has passive monetary...

The effectiveness of Aid for Trade (AfT) interventions, including with respect to recipient-countries' trade performance has now been well explored in the literature. However, in spite of the voluminous literature on the poverty effect of the total official development aid, the effect of AfT...

If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely unquantifiable, where do we end up? In this article the author argues that we arrive at a statistical, normative, and cognitive theory of ecological rationality. The main casualty of...

The author set up a simplistic agent-based model where agents learn with reinforcement observing an incomplete set of variables. The model is employed to generate an artificial dataset that is used to estimate standard macro econometric models. The author shows that the results are qualitatively...