Now showing items 1-4 of 4
Doubts and Equilibria
In real life strategic interactions, decision-makers are likely to entertain doubts about the degree of optimality of their play. To capture this feature of real choice-making, we present here a model based on the doubts ...
Policy Coordination in an Oligopolistic Housing Market
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-03)
This paper analyzes the consequences of the interaction between two different levels of government (regulators) in the development of housing policy when their decisions determine the level of competition in the housing ...
Income risk of EU coal-fired power plants after Kyoto
Coal-fired power plants may enjoy a significant advantage relative to gas plants in terms of cheaper fuel cost. Still, this advantage may erode or even turn into disadvantage depending on CO2 emission allowance price. This ...
The Ohlin-Keynes Debate on the German Interwar Reparations Revisited
This paper analyzes the debate between Ohlin and Keynes on the question as to whether Germany was able to make the payments specified in the Dawes Plan. Keynes argued that Germany was able to collect the money but unable ...