Apart from the computational time and expenses of the CGE model, the discussion of elasticity parameter estimation and various closure rules as well as the difficulty of combining the results with other analysis approaches always poses obstacles ahead of us, therefore we are motivated to apply...

Baseline assumptions play a crucial role in conducting consistent quantitative policy assessments for dynamic Computable General Equilibrium (CGE) models. Two essential factors that influence the determination of the baselines are the data sources of projections and the applied calibration...

This paper considers pure strategy Nash equilibria of non-cooperative legislative bargaining models. In contrast to existing legislative bargaining models, we derive legislators behavior from stochastic utility maximization. This approach allows us to prove the existence of a stationary Pure...

Der steile Anstieg der Nahrungsmittelpreise hat zu einer allgemeinen Verunsicherung geführt. Nach Ansicht von Joachim von Braun, International Food Policy Research Institute, Washington, können die Lebensmittelpreise langfristig nur durch eine Steigerung der Produktion stabilisiert werden. Vor...

This paper considers pure strategy Nash equilibria of non-cooperative legislative bargaining models. In contrast to existing legislative bargaining models, we derive legislators behavior from stochastic utility maximization. This approach allows us to prove the existence of a stationary Pure...