Dieser sechste und letzte Band der Reihe Der Keynesianismus beschäftigt sich mit wachstumstheoretischen Ansätzen. Zwei zentrale Fragestellungen beherrschen die Analyse. Erstens wird untersucht, welche Implikationen aus einer konsequenten wachstumstheoretischen Interpretation moderner Varianten...

In his basic model of debt renegotiation, Bester (1994) argues that collateral is more effective if high risk projects are financed. This result, however, cru-cially depends on the definition of risk. Using the second-order stochastic dominance criterion introduced by Rothschild and Stiglitz...

In capacity-then-price-setting games, soft capacity constraints are planned sales amounts where producing above capacity is possible but more costly. While the subgame perfect equilibrium predicts equal prices, experimental evidence often reveals price discrepancies. This failure to coordinate...