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The paper analyzes European integration from a constitutional economics perspective. It is argued that the use of the Prisoners' Dilemma as a description of the advantages of European integration is fallacious. If the situation is a PD, the solution is impossible; if it is not, it is unnecessary.
Persistent link: https://www.econbiz.de/10009644912
Exploiting a precise reproduction of a stock exchange, the robustness of the Continuous Double Auction (CDA) mechanism, evaluated by means of the waiting time distributions, has been proved versus 36 different set ups made by varying both the operators' behaviour and the market micro structure....
Persistent link: https://www.econbiz.de/10005789469
The objective of this paper is to study the implementation of an integrated system of information, based on Geographic Information Systems (GIS) technologies, on the fossil fuels market that can bring economic benefits to the consumers, create conditions for a more effective interview of the...
Persistent link: https://www.econbiz.de/10005789632
In modern conditions standard models of market coordination and price control at which each enterprise is a separate and independent production unit, are economically inexpedient. The author considers the objective necessity of the establishment of the parity relations between business and the...
Persistent link: https://www.econbiz.de/10011107747
The paper extends a theoretical framework for analyzing competition and innovation in presence of horizontal spillovers. Introducing two scenarios, it is shown that when firms behave non-cooperatively in both the R&D and production stages the degree of spillover has a negative relationship with...
Persistent link: https://www.econbiz.de/10011108600
Sometimes cooperation between two parties requires exactly one to cede to the other. If the decisions whether to cede … a two-player cooperation game enhances cooperation. Although subjects cede less overall with the waiting option, we show …
Persistent link: https://www.econbiz.de/10011108744
the effect of natural land productivity on the desirable level of cooperation in the agricultural sector. In early stages … of development, unfavorable land endowment enhanced the economic incentive for cooperation in the creation of … effects of cooperation on the intensive margin of agriculture, low land productivity countries lagged behind during the …
Persistent link: https://www.econbiz.de/10011108929
In the present introductory work we propose an original analytical model of coopetitive game. We suggest possible general and feasible solutions; in particular, from a coopetitive perspective, we suggest compromise solutions - for our coopetitive game, by using Kalai-Smorodinsky method.
Persistent link: https://www.econbiz.de/10011109139
Balkan states toward forms of regional cooperation that need to be achieved if progress is sought in their contractual …
Persistent link: https://www.econbiz.de/10011109544
Motivated by problems of coordination failure observed in weak-link games, we experimentally investigate behavioral spillovers for minimum- and median-effort coordination games. Subjects play these coordination games simultaneously and sequentially. The results show that successful coordination...
Persistent link: https://www.econbiz.de/10011109994