In the context of a stylised game theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a co-ordinated outcome can be the solution to the non co-operative tax game. This result...

A number of authors have attemted to test whether the U.S. economy is in a determinate or an indeterminate equilibrium. We argue that to answer this question, one must be impose a priori restrictions on lag length that cannot be tested. We provide examples of two economic models. Model 1...

The first, comprehensive report, "EXPLAINING ENLARGEMENT" was published in March 2002, and outlines the progress made since the launch of the strategy in May 2000.

The primary goal of this project was to propose a Risk Governance Framework for European CIs in the interface between the ICT and energy sector, based on the analysis of actors, regulatory, market and technical factors, decision processes, problem framing, development of risk scenarios and...