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Union Integration Paths
Morelli, Massimo - In: Rivista di Politica Economica (2012) 3, pp. 7-25
This paper proposes a theoretical explanation for the incremental integration path of Europe until the Monetary Union … time. The dynamic partition function game suggests that the presence of externalities across coalitions affects the timing … of admission of different players, the equilibrium coalition structure, and the equilibrium length of the admission game …
Persistent link: https://www.econbiz.de/10010858738
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Forward Guidance for Monetary Policy: Is It Desirable?
Gersbach, Hans; Hahn, Volker - 2008
, forward guidance may be used as a commitment device. In this case, policy forecasts may be desirable in a classic inflation …
Persistent link: https://www.econbiz.de/10011753148
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Forward Guidance for Monetary Policy: Is It Desirable?
Gersbach, Hans; Hahn, Volker - CER-ETH Center of Economic Research, Department of … - 2008
, forward guidance may be used as a commitment device. In this case, policy forecasts may be desirable in a classic inflation …
Persistent link: https://www.econbiz.de/10005800915
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Forward guidance for monetary policy : is it desirable?
Gersbach, Hans; Hahn, Volker - 2008 - This version: April 2008
, forward guidance may be used as a commitment device. In this case, policy forecasts may be desirable in a classic inflation …
Persistent link: https://www.econbiz.de/10003761386
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Coalitional Colonel Blotto games with application to the economics of alliances
Kovenock, Dan; Roberson, Brian - 2008
This paper examines a multi-player and multi-front Colonel Blotto game in which one player, A, simultaneously competes in two disjoint Colonel Blotto games, against two separate opponents, 1 and 2. Prior to competing in the games, players 1 and 2 have the opportunity to form an alliance to share...
Persistent link: https://www.econbiz.de/10010307010
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Communication in vertical markets: Experimental evidence
Möllers, Claudia; Normann, Hans-Theo; Snyder, … - 2016
-known commitment problem by introducing communication. Allowing the upstream firm to chat privately with each downstream firm reduces …
Persistent link: https://www.econbiz.de/10011518979
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Bilateral Commitment
Haeringer, Guillaume; Renou, Ludovic; Bade, Sophie - School of Economics, University of Adelaide - 2006
(i.e., step by step commitment) does not change the set of implementable profiles. …
Persistent link: https://www.econbiz.de/10005464127
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Reputations in Repeated Games
Mailath, George J.; Samuelson, Larry - Department of Economics, University of Pennsylvania - 2013
This paper, prepared for the Handbook of Game Theory, volume 4 (Peyton Young and Shmuel Zamir, editors, Elsevier Press), surveys work on reputations in repeated games of incomplete information.
Persistent link: https://www.econbiz.de/10010822921
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Coalitional Colonel Blotto games with application to the economics of alliances
Kovenock, Dan; Roberson, Brian - Abteilung "Marktprozesse und Steuerung", … - 2008
This paper examines a multi-player and multi-front Colonel Blotto game in which one player, A, simultaneously competes in two disjoint Colonel Blotto games, against two separate opponents, 1 and 2. Prior to competing in the games, players 1 and 2 have the opportunity to form an alliance to share...
Persistent link: https://www.econbiz.de/10009367901
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Reputation Effects
Mailath, George J. - Department of Economics, University of Pennsylvania - 2007
This article gives a brief introduction to reputation effects. A canonical model is described, the reputation bound result of Fudenberg and Levine (1989 1992) and the temporary reputation result of Cripps, Mailath, and Samuelson (2004, 2007) are stated and discussed.
Persistent link: https://www.econbiz.de/10005061925