We analyze games between two countries that use the tariff as a threat to induce each other to follow monetary policies equivalent to those that would obtain under a cooperative game. The analysis shows that under certain assumptions concerning the shares of tariff revenues that the countries...

We try to endogenise the choice between Bertrand Equilibrium (BE) and Cournot Equilibrium (CE) in simple duopoly models. The two distinctive features of this paper as compared to the related literature are the following. First, we take the concepts of BE an CE as fundamental and restict players'...

This paper was written while the first author was visiting professor at the Department of Economics , birkbeck College, University of London. We are indebted to Alison Booth and Steve Davies for useful suggestions in reffering us to models used in literature on trade unions. The paper is part of...

Dieser Bericht, der achte in dieser Reihe, erarbeitet von einer kleinen Gruppe unabhängiger Ökonomen aus Westeuropa, Japan und Nordamerika, hat seine grundsätzliche Berechtigung darin, die Autonomie der nationalen Wirtschaftspolitik mit der starken Abhängigkeit der einzelnen...

The article studies policy options in an economy which is unstable under bond-financing of a predetermined government deficit. We analyze policies based on pre-announced changes in monetary control or on confi-scation of that part of the Government debt which could only be retired through a...

The main object of this study is an empirical analysis of the determinants of the choice of currency in setting payments and recepts for Italian foreign trade.

It has recently become common, and almost fashionable, to analyze problems of economic policy with the techniques of game theory.

In this paper I shall try to sketch what could be some important consequences of recent developments in Eastern Europe, for the present fabric of the European Community (EC) and its evolution into a European Economic and Monetary Union (EEMU).

Il difficile rapporto tra istituti di credito ed imprese "industriali" è da tempo a centro di un acceso dibattito in Italia tra chi propugna, nella sostanza, un assetto di separazione proprietaria tra banche ed imprese, e chi invece vedrebbe con favore una marcata integrazione tra sistema...

This paper has two aims, one theoretical and the other empirical. At the theoretical level, we advance an interpretation of the apparent inability of models based on rational expectations to explain the time evolution of exchange rates. The interpretation is based on the inadequate treatment of...