World markets are highly interlinked and local economies extensively rely on global supply and value chains. Consequently, local production disruptions, for instance caused by …
L Wenz, SN Willner - Handbook on trade policy and climate change, 2022 - elgaronline.com
In the course of modern rapid globalization economic structures and systems have changed profoundly. Goods and services are traded globally and production systems often rely on …
Expectations play a crucial role in finance, macroeconomics, monetary economics, and fiscal policy. In the last decade a rapidly increasing number of laboratory experiments have …
We develop a nonlinear duopoly model in which the heuristic expectation formation and learning behavior of two boundedly rational firms may engender complex dynamics. Most …
This paper analyses the post-pandemic inflation dynamics in Canada using a behavioral macroeconomic model of the Bank of Canada. Two crucial behavioral assumptions in line …
МИ Гераськин, ВВ Манахов - Russian Journal of Economics and …, 2016 - cyberleninka.ru
Цель: выявление закономерностей монополистической конкуренции применительно к рынкам товаров бытовой техники, потребительских кредитов и страховых продуктов …
We investigate whether convex incentive contracts are a source of instability of financial markets as indicated by the results of a continuous double-auction asset market experiment …