The History of Economic Thought as a field has long taken it as a premise that so far as ancient economic thought is concerned, only the Greeks and Romans are worth studying. This paper introduces the Guanzi as a core text in ancient Chinese economic thought on price stabilization from a...

Bei der Frage nach der Harmonisierung der Mehrwertsteuersätze in der EU wird oft das Argument des auf ein niedriges Niveau führenden Steuerwettbewerbs angeführt. Der Autor untersucht am Beispiel des EG-Neufahrzeugmarktes die Konsequenzen von Steuersatzdifferentialen bei einem Übergang zum...

This paper is a revised version of a discussion with Nobel laureate Vernon Smith on the limits of neoclassical theory and on the opportunity to recover the alternative approach of classical economists and Marx. Vernon Smith is certainly right to insist on the heuristic force of the classical...

This study examines price transmission dynamics in the Hungarian pork market from 2017 to 2023, focusing on the effects of price controls implemented to combat inflation. Inflation and price control policies have been central topics in economic research due to their significant impacts on market...

For the scientific understanding and correct adjustment of domestic and foreign economic operations, both academic research and policy-making require the analysis of the relationship between the proportion principle of labor distribution, market mechanism and state economic adjustment. The...

This paper generalizes the concept of Bayes' correlated equilibrium Bergemann and Morris (2016) to multistage games. We apply our characterization results to a number of illustrative examples and applications.

I consider a class of dynamic Bayesian games in which types evolve stochastically according to a first-order Markov process on a continuous type space. Types are privately informed, but they become public together with actions when payoffs are obtained, resulting in a delayed information...

The jungle model with an equal number of agents and objects is enriched by adding a language, which is a set of orderings over the set of agents. An assignment of an agent to an object is justified within a group of agents if there is an ordering according to which that agent is the best suited...