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This paper presents four case-studies of economies with developed regional policies; the European Union, Spain, Italy and Brazil. These cases have been chosen due to their relevance when studying regional problems in Colombia. Regional policy has performed relatively poorly in all cases since...
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two asymmetric countries is used. The firms compete purely through location. Economic integration has an ambiguous impact …
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not hopeful. The document, written by biologists and other activists entirely innocent of economics, has a good deal of …
Persistent link: https://www.econbiz.de/10005641607
In this paper we present a new iterative auction, the bisection auction, that can be used for the sale of a single indivisable object. We will show that the bisection auction is computationally more efficient than the classical English auction while it still preserves all characteristics the...
Persistent link: https://www.econbiz.de/10005795851
In general equilibrium models of financial markets, the cpital asset pricing formula does not hold when agents have von … endownments and dividens the pricing formula provides a good benchmark for equilibrium returns. While it is easy to construct … economies where CAPM provides a very good approximation. Although the pricing formula does not hold exactly for the chosen …
Persistent link: https://www.econbiz.de/10005304915
There is a growing body of research in economics that studies the consequences of time-inconsistent preferences. This …
Persistent link: https://www.econbiz.de/10005304932
In this paper an algorithm is presented to compute all Nash equilibria for games in normal form on the only premises that the number of Nash equilibria is finite. The algorithm relies on decomposing the game by means of support-sets. For each support-set, the set of totally mixed equilibria of...
Persistent link: https://www.econbiz.de/10005209954
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