It is a common perception that information plays an important role in crises: in particular, exchange of local information about economic or political fundamentals is crucial in determining the outcomes of crisis events. Coordination games of incomplete information have been used as stylized models of crisis phenomena such as currency attacks (e.g., Morris and Shin (1998)), debt crises (e.g., M...

esee 2015, chania, greececonference dates: july 4 – 7, 2017conference theme: transformative learning: new directions in agricultural extension and educationthe 23rd european seminar on extension (and) education (esee) will be held in the mediterraneanagronomic institute of chania, and hosted by the lab. of agricultural extension, rural systems &rural sociology, dept. of agricultural economics &...

In Medicaid, as in all third-party insurance, there are significant costs for information exchange between providers of services and the State (or other insurer), which reimburses those providers. On the basis of a study of Medicaid in Wisconsin, this article indicates that appreciable costs are incurred owing to deficiencies in information exchange between these parties. It is proposed that th...

Using the particular example of online banking services, we examine the effects of pricing strategies on the demand for different modes of online banking given that the market exhibits network externalities. Most literature concerning the economics of networks deals with a single durable good where, in a multi-period setting, the consumer decides whether or not to purchase the good. Once the de...

The aim of this paper is to present a requirement for assessing the quality of data and the development of efficient methods of valuing and exchanging data among Web Observatories. Using economic and business theory a range of concepts are explored which include a brief review of existing business structures related to the exchange of goods, data or otherwise. The paper calls for a wider discus...

The purpose of this paper is to shed some light on the association between the stock returns of German DAX corporations and movements of the U.S. Dollar. The link turns out to be rather unstable, but it depends significantly on direction and magnitude of foreign trade, and on the existing level of the DM/ Dollar exchange rate. This conclusion is based on exchange-rate-exposure and APT-modelling...

Marketing inherited a model of exchange from economics, which had a dominant logic based on the exchange of “goods,” which usually are manufactured output. The dominant logic focused on tangible resources, embedded value, and transactions. Over the past several decades, new perspectives have emerged that have a revised logic focused on intangible resources, the cocreation of value, and relation...

In this paper we identify the main determinants of the exchange rate regimes in Central and Eastern European Countries (CEECs). For this purpose, we use an ordered logit model for the official (de jure) and the actual (de facto) exchange rate classifications. We find that trade openness and concentration, inflation differentials, international reserves stocks, and financial conditions are the m...

This paper makes three observations for policy-makers, interested in promoting economic growth, based on the experimental work done at the Interdisciplinary Center for Economic Science. First, safeguards must be put into place to protect impersonal exchange from our innate desire for personal exchange. Second, policy must take into account the heterogeneity of individual cognitive strategies th...