This is an entry for The New Palgrave Dictionary of Economics, 2nd Ed.

This paper discusses some economic aspects of the recent German and Austrian UMTS license auctions. We consider a stylized model of the open ascending auction with incomplete information and market externalities. It is shown that, if the dominant incumbent is not successful in pushing the weakest entrant out of the market, he will face ex-post spurious price increments. We argue that this featu...

neuroeconomics that has merged from the interaction of neuroscience, economics and psychology, is. promising new approach to understanding human behavior in economic analysis, especially as an selector (that is the fundamental issue is economics). this article illustrate the advantages of neuroeconomics and with focus on methodology of economics and ability of this branch of economic for theori...

Legal liability for accidents determines the circumstances under which injurers must compensate victims for harm. The effects of liability on incentives to reduce risk, on risk-bearing and insurance (both direct coverage for victims and liability coverage for injurers), and on administrative expenses are considered. Liability is also compared with other methods of controlling harmful activities...

This entry in The New Palgrave Dictionary of Economics, Second Edition, provides a brief overview of equilibrium existence results for continuous and discontinuous non-cooperative games. JEL Classi…cation Number: C7

Jocelyne Cesari is principal research fellow at the National Center for Scientific Research (CNRS) in Paris and associate professor at Harvard University. She is the author of When Islam and Democracy Meet: Muslims in Europe and in the United States, New York: Palgrave, 2004 and European Muslims and the Secular State, London: Ashgate, 2005. In addition, she coordinates the website euro-islam.info.