The deterrence equilibrium concept of an important class of repeated games is shown to suffer from an unsoluble rational ity versus credibility conflict. The implicit assumption made when de terrence solutions to repeated games are constructed is that perfectn ess is a suffi-cient condition for...

This innovative book sheds new light on the various transfer processes of economic knowledge from the academic environment to the outside world. The internationally acclaimed group of authors considers the transfer of knowledge in the teaching of economics, through public policy advice, and the...