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This paper presents a simple model of policy coordination in line with the New Open Economy Macroeconomics literature. I extent the analysis on non-cooperative toward cooperative solutions by incorporating a collective wage bargaining system and conservati ...
We consider the general problem of finding fair constrained resource allocations. As a criterion for fairness we propose an inequality index, termed “fairness ratio,” the maximization of which produces Lorenz-undominated, Pareto-optimal allocations. The fa ...
A predictive mechanism is proposed in order to reduce price volatility linked to large fluctuations from de- mand and renewable energy generation in competitive electricity markets. The market participants are modelled as price-elastic units, price-inelast ...
Collaborative ad-hoc dissemination of information has been proposed as an efficient means to disseminate information among devices in a wireless ad-hoc network. Devices help in forwarding the information channels to the entire network, by disseminating the ...
In the framework of the revision of the Swiss CO2-Law and in view for the international negotiations that will take place at the next Conference of the Parties to the United Nations Framework Convention on Climate Change, the Federal Office for the Environ ...
We analyze carbon-related BAMs (focused on imports) as potential instruments to reduce emissions leakage. We combine an approach from international trade law with an economic approach. For the legal aspect we discuss the elements needed to include carbon-r ...
A two-country general equilibrium model with large wage setters and conservative monetary authorities is employed to investigate the welfare implications of three international monetary regimes: i) non-cooperative, ii) cooperative, and iii) monetary union. ...
This paper sheds light on the real effects of foreign central bank’s degree of inflation aversion in presence of non-atomistic wage setters. It extends the Lippi’s (2003) framework to an open economy and identifies the key strategic mechanisms between mone ...
We solve for the equilibrium dynamics of Information sharing in a large population Each agent is endowed with signals regarding the likely outcome of a random variable of common concern Individuals choose the effort with which they search for others from w ...
In the absence of adequate state support, societies in the developing world have long relied on community support for humanitarian relief. Such community networks provide a readily available platform for delivery of humanitarian relief services. Wireless t ...