Publications of the SFB 303 - 1997

• Research Area A: Information and Allocation
  • A1: Transactioncost Economics
    
    • Preprints / Publications

  • A2: Information and Incentive Structures in Public Economics
    
    • Preprints / Publications

  • A3: Distribution of Microeconomic Characteristics and the Structure of Equilibrium Models
    
    • Preprints / Publications

• Research Area B: Stochastic Structures and Experimental Economics
  • B1: Econometric Analysis of Time-variable and Feed-back Systems
    
    • Preprints / Publications

  • B3: Stochastic Models of Financial Markets
    
    • Preprints / Publications

  • B4: Experimental Economics
    
    • Preprints / Publications

  • B5: Macroeconomic Institutions and Structures
    
    • Preprints / Publications

  • B6: Learning Rules, Evolution and Systems of Local Interaction
    
    • Preprints / Publications

Project A1:

• Chen, Y. (1997): Supermodularity of Nash-efficient Public Goods Mechanisms. SFB 303, Universität Bonn, Discussion Paper No. A-559.

• Ewerhart, C., and M. Lorth (1997): On the Role of Authority in Just-In-Time Purchasing Agreements. SFB 303, Universität Bonn, Discussion Paper No. A-552.

• Ewerhart, C. (1997): Undecidable Statements in Game Theory. SFB 303, Universität Bonn, Discussion Paper No. A-553.

• Funk, P. (1997): Automation and Unemployment. Document de travail, DELTA.

• Funk, P. (1997): Can Capitalists Remain Rich without Working? Document de travail, DELTA.

• Funk, P. (1997): Induced Innovation Revisited. Document de travail, DELTA.

• Funk, P. (1997): Satiation and Underdevelopment. Document de travail, joe DELTA.

• Grüner, H.-P. (1997): Redistribution as a Selection Device. SFB 303, Universität Bonn, Discussion Paper No. A-557.

• Grüner, H.-P., and A. Artale (1997): A Model of Stability and Persistence in a Democracy. SFB 303, Universität Bonn, Discussion Paper No. A-556.

• Grüner, H.-P., and R. Schils (1997): Capital Redistribution and the Market Allocation of Firm-Ownership. SFB 303, Universität Bonn, Discussion Paper No. A-545.

• Kessler, A. (1997): Optimal Monitoring in Hierarchical Relationships. SFB 303, Universität Bonn, Discussion Paper No. A-550.

• Kessler, A., and C. Lülfesmann (1997): Bargaining under Non-Verifiable Information. SFB 303, Universität Bonn, Discussion Paper No. A-563.

• Kessler, A., and C. Lülfesmann (1997): Tiebout and Redistribution in a Model of Residential and Political Choice. SFB 303, Universität Bonn, Discussion Paper No. A-566.

• Ritzberger, K. (1997): Perfect Recall. SFB 303, Universität Bonn, Discussion Paper No. B-409.

• Breuer, W. (1997): Finanzierungstheorie. Gabler Verlag, Wiesbaden, to appear.

• Breuer, W. (1997): Unternehmerisches Währungsmanagement. Gabler Verlag, Wiesbaden.

• Breuer, W. (1997): Zinsswaps als Instrument der Unternehmensfinanzierung. In: F. Franke and H. Laux (eds.), Kapitalmarkt und Unternehmensführung, Springer Verlag, Berlin etc., to appear.

• Breuer, W. (1997): Beteiligungs- und Forderungstitel als Ergebnis optimalen Wertpapierdesigns. In: Erich Gutenberg-Arbeitsgemeinschaft Köln e.V. (ed.), Sammelband anläßlich der Wissenschaftlichen Tagung zu Ehren des 100. Geburtstags von Erich Gutenberg, Springer Verlag, Berlin etc., to appear.

• Breuer, W. (1997): Hedging von Wechselkursrisiken bei internationalen Ausschreibungen. Zeitschrift für Betriebswirtschaft 67, Supplementary Issue 2, 81-103.

• Breuer, W. (1997): Kreditgenossenschaften, Managementsteuerung und der Markt für Unternehmenskontrolle. Kredit und Kapital 30, 219-249.

• Breuer, W. (1997): Stellungnahme zu "Hedgingmodelle, Unternehmensproduktion und antizipatorisch-simultanes Risikomanagement" von W. Kürsten. Zeitschrift für betriebswirtschaftliche Forschung 50, to appear.

• Breuer, W. (1997): Unternehmerische Investitions- und Finanzierungsentscheidungen bei Verfügbarkeit von Devisenforwardgeschäften. Zeitschrift für betriebswirtschaftliche Forschung 49, Special Issue 38, 191-225.

• Breuer, W., M. Gürtler, and J. Schuhmacher (1997): Die Bewertung betrieblicher Realoptionen. Betriebswirtschaftliche Forschung und Praxis 50, to appear.

• Chen, Y., and F.F. Tang (1997): Learning and Incentive Compatible Mechanisms for Public Goods Provision: An Experimental Study. The Journal of Political Economy, to appear.

• Ewerhart, C. (1997): On Strategic Reasoning and Theories of Rational Behavior. Dissertation Universität Bonn.

• Ewerhart, C., and P. Schmitz (1997): Ausgewählte Anwendungen der Theorie unvollständiger Verträge. Jahrbuch für Wirtschaftswissenschaften / Review of Economics 48(1), 57-69.

• Ewerhart, C., and P. Schmitz (1997): Der Lock-in-Effekt und das Hold-up-Problem. WiSt 26 (7), 360-363.

• Ewerhart, C., and P. Schmitz (1997): Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements? Comment. American Economic Review, to appear.

• Grüner, H.-P. (1997): A Comparison of Three Institutions for Monetary Policy when Central Bankers have Private Objectives. Public Choice 62, 172-193.

• Grüner, H.-P. (1997): Einige Anmerkungen zu den Determinanten wirtschaftlicher Stabilität. Zeitschrift für Wirtschaftspolitik, to appear 1998, Nr. 1.

• Grüner, H.-P., and C. Hefeker (1997): How Will EMU Affect Inflation and Unemployment in Europe? Scandianvian Journal of Economics, to appear.

• Kessler, A. (1997): The Value of Ignorance. Rand Journal of Economics, to appear.

• Schmitz, P. (1997): Randomization in Coalition Contracts. Public Choice, to appear.

• Schmitz, P. (1997): Sollten Haftungsregeln durch Strafen ergänzt werden? Jahrbuch für Wirtschaftswissenschaften / Review of Economics 48(3), to appear.

Project A2:

• Bös, D. (1997): The Incentive Effects of Earmarked Taxation. SFB 303, Universität Bonn, Discussion Paper No. A-564.

• Bös, D. (1997): Gedanken zum Refereesystem in ökonomischen wissenschaftlichen Zeitschriften. Working Paper, Institute of Public Economics, University of Bonn.

• Corneo, G., and O. Jeanne (1997): Status, the Distribution of Wealth, and Growth. SFB 303, Universität Bonn, Discussion Paper No. A-561.

• De Fraja, G. (1997): Contracts for Health Care and Asymmetric Information. SFB 303, Universität Bonn, Discussion Paper No. A-549.

• De Fraja, G., and I. Ray (1997): Slot Allocation: A Model of Competition between Firms when Consumers are Procedurally Rational. SFB 303, Universität Bonn, Discussion Paper No. A-558.

• Kessler, A., and C. Lülfesmann (1997): Bargaining under Non-Verifiable Information. SFB 303, Universität Bonn, Discussion Paper No. A-563.

• Kessler, A., and C. Lülfesmann (1997): Tiebout and Redistribution in a Model of Residential and Political Choice. SFB 303, Universität Bonn, Discussion Paper No. A-566.

• Lülfesmann, C. (1997): When Should We Privatize? An Incomplete Contracts Approach. SFB 303, Universität Bonn, Discussion Paper No. A-547.

• Lülfesmann, C. (1997): Adverse Selection and Monitoring: On the Productive Efficiency in Private and Public Firms. SFB 303, Universität Bonn, Discussion Paper No. A-551.

• Marjit, S., M. Rajeev, and D. Mukherjee (1997): Incomplete Information as a Deterrent to Corruption. SFB 303, Universität Bonn, Discussion Paper No. A-555.

• Marquardt, M., and W. Peters (1997): Collective Madness. SFB 303, Universität Bonn, Discussion Paper No. A-548.

• Bös, D. (1997): Privatization and Development. Review of Development Economics 1, 337-354.

• Bös, D. (1997): An Alternative to Privatization: Coping with Managerial Slack in Public Firms. In: H. Giersch (ed.), Privatization at the End of the Century, Springer, Berlin-Heidelberg, 53-67.

• Bös, D. (1997): Privatization in Eastern Germany: The Never-Ending Story of the Treuhand. In: H. Giersch (ed.), Privatization at the End of the Century, Springer, Berlin-Heidelberg, 175-197.

• Bös, D., and P. Harms (1997): Mass Privatization, Management Control and Efficiency. Journal of Public Economics 64, 343-357.

• Bös, D., and G. Kayser (1997): Management Limited Partnerships (KGs) and the Privatization of East German Industrial Enterprises. Annals of Public and Cooperative Economics 68, 129-138.

• Bös, D., and G. Kayser (1997): Management Buy-out as an Instrument of Privatization in East Germany. In: A. Bennett (ed.), How Does Privatization Work? Essays in Honor of V.V. Ramanadham, Routledge, London-New York, 77-85.

• Corneo, G. (1997): The Theory of the Open Shop Trade Union Reconsidered. Labour Economics 4, 71-84.

• Corneo, G. (1997): Taxpayer - Consumers and Public Pricing. Economics Letters 57, 235-240.

• Corneo, G., and O. Jeanne (1997): On Relative Wealth Effects and the Optimality of Growth. Economics Letters 54, 87-92.

• Corneo, G., and O. Jeanne (1997): Snobs, Bandwagons, and the Origin of Social Customs in Consumer Behavior. Journal of Economic Behavior and Organization 32, 333-348.

• Corneo, G., and O. Jeanne (1997): Conspicuous Consumption, Snobbism and Conformism. Journal of Public Economics 66, 55-71.

• Corneo, G., and C. Lucifora (1997): Wage Formation under Union Threat Effects: Theory and Empirical Evidence. Labour Economics 4, 265-292.

Project A3:

• Bettzüge, M.O., T. Hens, and M. Laitenberger (1997): On Choquet Prices in Financial Markets Model with Intermediation Costs. Discussion Paper No. 362, University of Bielefeld.

• Bewley, T. (1997): Why Not Cut Pay? SFB 303, Universität Bonn, Discussion Paper No. A-562.

• He, X.X., J. Shi, and Z.-Y. Li (1997): The Stress Among the University Faculty of China in the Transitional Period of Economic System. Working paper, Nanjing University, China (in English and Chinese).

• Heid, F. (1997): Estimating the Functional Components of Asset Price Volatility. SFB 303, Universität Bonn, Discussion Paper No. A-565.

• Hildenbrand, W. (1997): An Exposition on Wald’s Existence Proof. SFB 303, Universität Bonn, Discussion Paper No. A-546.

• Hildenbrand, W. (1997): Thünen Vorlesung: Zur Relevanz mikroökonomischer Verhaltenshypothesen für die Modellierung der zeitlichen Entwicklung von Aggregaten. SFB 303, Universität Bonn, Discussion Paper No. A-568.

• Hildenbrand, W., and A. Kneip (1997): Demand Aggregation under Structural Stability. SFB 303, Universität Bonn, Discussion Paper No. A-560.

• John, R., and M.G. Raith (1997): Optimizing Multi-Stage Negotiations. Discussion Paper No. 351, Fakultät für Wirtschaftswissenschaften, Universität Bielefeld.

• Li, Z.-Y. (1997): Nonlinear Wavelets Smoothing of Error Distribution in a Semiparametric Model. SFB 303, Universität Bonn, Discussion Paper No. A-567.

• Li, Z.-Y., and G.X. Chai (1997): Note on Error Density Estimation in Nonparametric Regression and Application to Income Data. SFB 303, Universität Bonn, Discussion Paper No. A-554.

• Li, Z.-Y., X.X. He, and J. Shi (1997): Multivariate Analysis in Stress Measurement: A Comparative Study of the Stress Among University Faculty in China and Japan. Working Paper, Sichuan University, China (in English and Chinese).

• Li, Z.-Y., X.X. He, and J. Shi (1997): Stress Study among Chinese Female University Faculty in the Socialist Market Economy. Working Paper, Sichuan University, China (in Chinese).

• Li, Z.-Y., Z.-D. Lu, and G.X. Chai (1997): Nonparametric Estimation of Density Function for Sample Process under Mixing Condition. SFB 303, Universität Bonn, Discussion Paper No. A-544.

• Bettzüge, M.O. (1997): An Extension of a Theorem by Mitjushin and Polterovich to Incomplete Markets. Journal of Mathematical Economics, to appear.

• Bettzüge, M.O. (1997): Financial Innovation from a General Equilibrium Perspective. Dissertation Universität Bonn.

• Evstigneev, I., W. Hildenbrand, and M. Jerison (1997): Metonymy and Cross Section Demand. Journal of Mathematical Economics 28, 397-414.

• Gijbels, I., P. Hall, and A. Kneip (1997): On the Estimation of Jump Points in Smooth Curves. Annals of the Institute of Mathematical Statistics, to appear.

• Hildenbrand, W. (1997): On the Empirical Evidence of Microeconomic Demand Theory. In: A. d’Autume and J. Cartelier (eds.), Is Economics Becoming a Hard Science?, Edward Elgar, Cheltenham, Brookfield, 154-164.

• Hildenbrand, W., and A. Kneip (1997): Demand Aggregation under Structural Stability. Journal of Mathematical Economics, to appear.

• John, R. (1997): A Simple Cycle Preserving Extension of a Demand Function. Journal of Economic Theory 72, 442-445.

• Kirchsteiger, G., and C. Puppe (1997): On the Formation of Political Coalitions. Journal of Institutional and Theoretical Economics (Zeitschrift für die gesamte Staatswissenschaft) 153/2, 293-319.

• Kirchsteiger, G., and C. Puppe (1997): On the Possibility of Efficient Private Provision of Public Goods through Government Subsidies. Journal of Public Economics 66, 489-504.

• Kneip, A. (1997): Behavioral Heterogeneity and Structural Properties of Aggregate Demand. Journal of Mathematical Economics, to appear.

• Kneip, A. (1997): Discussion of "Growth Curves" by A.M. Kshirsagar and W.B. Smith. Statistics in Medicine, to appear.

• Kneip, A. (1997): Discussion of "Smoothing Spline Models for the Analysis of Nested and Crossed Samples of Curves" by Brumback and Rice. Journal of the American Statistical Association, to appear.

• Kneip, A., B.U. Park, and L. Simar (1997): A Note on the Convergence of Nonparametric DEA Estimators for Production Efficiency Scores. Econometric Theory, to appear.

• Laitenberger, M. (1997): Market Imperfections in General Equilibrium Models with Uncertainty. Dissertation Universität Bonn.

• Li, Z.-Y., and J. Shi (1997): Translation into Chinese of: Statistics and Truth by C.R. Rao (1995, Second Enlarged Edition), Chiu Chang Math. Publishers, Taipei, Taiwan, to appear.

• Nehring, K., and C. Puppe (1997): Extended Partial Orders: A Unifying Structure for Abstract Choice Theory. Annals of Operations Research, to appear.

• Nehring, K., and C. Puppe (1997): On the Multi-Preference Appproach to Evaluating Opportunities. Social Choice and Welfare, to appear.

• Puppe, C. (1997): Impersonal versus Objectivist Conceptions of Freedom: A Comment. In: J.F. Laslier, M. Fleurbaey, N. Gravel, and A. Trannoy (eds.), Freedom in Economics: New Perspectives in Normative Analysis, Routledge, London, to appear.

• Puppe, C. (1997): Individual Freedom and Social Choice. In: J.F. Laslier, M. Fleurbaey, N. Gravel and A. Trannoy (eds.), Freedom in Economics: New Perspectives in Normative Analysis, Routledge, London, to appear.

• Sippel, R. (1997): An Experiment on the Pure Theory of Consumer’s Behaviour. The Economic Journal 107, 1431-1444.

• Utikal, K. (1997): A New Method for Detecting Neural Interconnectivity. Biologic Cybernetics 76, 459-470.

• Utikal, K. (1997): Nonparametric Inference for Markovian Interval Processes. Journal of Stochastic Processes and their Applications 67, 1-23.

Project B1:

• Cristopeit, N., and A. Cron (1997): A Simple Regime-Switching Model for Stochastic Volatilities. SFB 303, Universität Bonn, Discussion Paper No. B-406.

• Krelle, W. (1997): Notwendige Änderungen des Arbeitsmarktes - die Lohnhöhe hat einen Einfluß auf die Beschäftigung. SFB 303, Universität Bonn, Discussion Paper No. B-403.

• Krelle, W. (1997): Die Wirkung direkter Auslandsinvestitionen auf Einkommen und Beschäftigung im In- und Ausland. SFB 303, Universität Bonn, Discussion Paper No. B-404.

• Krelle, W. (1997): How to Deal with Unobservable Variables in Economics. SFB 303, Universität Bonn, Discussion Paper No. B-414.

• Farebrother, R.W., S. Puntanen, G.P.H. Styan, and H.J. Werner (eds.) (1997): Sixth Special Issue on Linear Algebra and Statistics. Linear Algebra and Its Applications, Vol. 264, 506 pages, North-Holland, New York.

• Krelle, W. (1997): Die Wirkung direkter Auslandsinvestitionen auf Einkommen und Beschäftigung im In- und Ausland. In: D. Fritz-Assmus and E. Tuchtfeldt (eds.), Die Ordnung des Welthandels - A. Ghanie Ghaussy zum 65. Geburtstag, Verlag Paul Haupt, Bern/Stuttgart/Wien, 39-66.

• Krelle, W. (1997): Notwendige Änderungen des Arbeitsmarktes: Die Lohnhöhe hat einen Einfluß auf die Beschäftigung. In: D. Sadowski and M. Schneider (eds.), Vorschläge zu einer neuen Lohnpolitik: Optionen für mehr Beschäftigung, ADIA-Stiftung zur Erforschung neuer Wege für Arbeit und soziales Leben, Schriftenreihe Band 5, Campus Verlag, Frankfurt/New York, 17-46.

• Werner, H.J. (1997): Solution 16-3.1 to Problem 16-3, Algebraic Characterization of the Least Squares Estimator. IMAGE: Bull. Internat. Linear Algebra Soc. 18, 28.

• Werner, H.J. (1997): Solution 17-1.3 to Problem 17-1, On the Sum of the Largest Two Entries in a Matrix. IMAGE: Bull. Internat. Linear Algebra Soc. 18, 29.

• Werner, H.J. (1997): Solution 17-2.4 to Problem 17-2, On the Characterization Associated With the Matrix Arithmetic and Geometric Means. IMAGE: Bull. Internat. Linear Algebra Soc. 18, 31.

• Werner, H.J. (1997): Solution 17-3.1 to Problem 17-3, When does AA*=BB*? IMAGE: Bull. Internat. Linear Algebra Soc. 18, 31.

• Werner, H.J. (1997): Solution 18-3.2 to Problem 18-3, A Further Matrix Version of the Cauchy-Schwarz Inequality. IMAGE: Bull. Internat. Linear Algebra Soc. 19, 26-27.

• Werner, H.J. (1997): Solution 18-5.6 to Problem 18-5, Eigenvalues and Eigenvectors of a Patterned Matrix. IMAGE: Bull. Internat. Linear Algebra Soc. 19, 30.

• Werner, H.J. (1997): Solution 18-6.3 to Problem 18-6, Two Imaginary Sisters of the Vector Cross-Product. IMAGE: Bull. Internat. Linear Algebra Soc. 19, 31.

Project B3:

• Dudenhausen, A., E. Schlögl, and L. Schlögl (1997): Robustness of Gaussian Hedges under Parameter and Model Misspecification. SFB 303, Universität Bonn, Discussion Paper No. B-422.

• Frey, R. (1997): Derivative Asset Analysis in Models with Level-Dependent and Stochastic Volatility. SFB 303, Universität Bonn, Discussion Paper No. B-401.

• Frey, R., and C.A. Sin (1997): Bounds on European Option Prices under Stochastic Volatility. SFB 303, Universität Bonn, Discussion Paper No. B-405.

• Leisen, D. (1997): The Random-Time Binomial Model. SFB 303, Universität Bonn, Discussion Paper No. B-399.

• Leisen, D. (1997): Stock Evolution under Stochastic Volatility: A Discrete Approach. SFB 303, Universität Bonn, Discussion Paper No. B-407.

• Lotz, C. (1997): Locally Minimizing the Credit Risk. FMG Discussion Paper, LSE.

• Reimer, M. (1997): Uncovering and Removing Peculiarities in Binomial Option Price Approximations. SFB 303, Universität Bonn, Discussion Paper No. B-411.

• Reimer, M. (1997): Convergence Speed Analysis of Different Lattice Barrier Option Price Approximations. SFB 303, Universität Bonn, Discussion Paper No. B-412.

• Reimer, M., H. Wiesenberg, A. Dudenhausen, and J. Konrad (1997): Option Pricing with Time- and State-dependent Volatility - A Stable Binomial Approach. SFB 303, Universität Bonn, Discussion Paper No. B-413.

• Sandmann, K., and D. Sondermann (1997): Log-Normal Interest Rate Models: Stability and Methodology. SFB 303, Universität Bonn, Discussion Paper No. B-398.

• Schönbucher, P. (1997): The Term Structure of Credit Spreads. FMG Discussion Paper 272, LSE.

• Schönbucher, P., D. Epstein, N. Mayor, E. Whalley, and P. Wilmott (1997): The Valuation of a Firm Advertising Optimally. Discussion Paper, Mathem. Inst. Oxford University.

• Schönbucher, P., D. Epstein, N. Mayor, E. Whalley, and P. Wilmott (1997): The Value of Market Research when a Firm is Learning: Real Option Pricing and Optimal Filtering. Discussion Paper, Mathem. Inst. Oxford University.

• Sommer, D. (1997): Pricing and Hedging of Contingent Claims in Term Structure Models with Exogeneous Issuing of New Bonds. SFB 303, Universität Bonn, Discussion Paper No. B-397.

• Frey, R. (1997): Derivative Asset Analysis in Models with Level Dependent and Stochastic Volatility. CWI Quarterly 10, 1-34.

• Frey, R., and A. Stremme (1997): Market Volatility and Feedback Effects from Dynamic Hedging. Mathematical Finance 7, 351-374.

• Miltersen, K.R., K. Sandmann, and D. Sondermann (1997): Closed Form Solutions for Term Structure Derivatives with Log-Normal Interest Rates. The Journal of Finance 52, 409-430.

• Sandmann, K., and D. Sondermann (1997): A Note on the Stability of Lognormal Interest Rate Models and the Pricing of Eurodollar Futures. Mathematical Finance 7, 119-125.

• Schlögl, E. (1997): Interest Rate Factor Models: Term Structure Dynamics and Derivatives Pricing. Dissertation Universität Bonn.

• Schürger, K. (1997): Wahrscheinlichkeitstheorie. Oldenbourg Verlag, to appear.

• Sommer, D. (1997): Pricing and Hedging of Contingent Claims in Term Structure Models with Exogenous Issuing of New Bonds. European Financial Management 3, 269-29.

Project B4:

• Abbink, K., and A. Sadrieh (1997): RatImage 3.30 - Updating Addendum to the Research Assistance Toolbox for Computer-Aided Human Behavior Experiments. SFB 303, Universität Bonn, Discussion Paper No. B-417.

• Abbink, K., B. Irlenbusch, and E. Renner (1997): The Moonlighting Game - An Experimental Study on Reciprocity and Retribution. SFB 303, Universität Bonn, Discussion Paper No. B-415.

• Abbink, K., A. Sadrieh, and S. Zamir (1997): The Covered Response Ultimatum Game. SFB 303, Universität Bonn, Discussion Paper No. B-416.

• Hennig-Schmidt, H. (1997): Break-offs in Bargaining - Evidence from a Video Experiment. SFB 303, Universität Bonn, Discussion Paper No. B-402.

• Nagel, R., and N.J. Vriend (1997): An Experimental Study of Adaptive Behaviour in an Oligopolistic Market Game. SFB 303, Universität Bonn, Discussion Paper No. B-408.

• Ritzberger, K. (1997): Perfect Recall. SFB 303, Universität Bonn, Discussion Paper No. B-409.

• Reimer, M. (1997): Examining Binomial Option Price Approximations. Dissertation Universität Bonn.

• Selten, R. (1997): Features of Experimentally Observed Bounded Rationality. SFB 303, Universität Bonn, Discussion Paper No. B-421.

• Chen, Y., and F.F. Tang (1997): Learning and Incentive Compatible Mechanisms for Public Goods Provision: An Experimental Study. The Journal of Political Economy, to appear.

• Selten, R. (1997): Reexamination of the Perfectness Concept for Equilibrium Points in Entensive Games. First in: International Journal of Game Theory 4, 1975, 25-55. In: H.W. Kuhn (ed.), Classics in Game Theory, Princeton University Press.

• Selten, R. (1997): Descriptive Approaches to Cooperation. In: S. Hart and A. Mas-Colell (eds.), Cooperation: Game-Theoretic Approaches, NATO ASI Series, Series F: Computer and Systems Sciences, Vol. 155, Springer-Verlag, 289-326.

• Selten, R., M. Mitzkewitz, and G.R. Uhlich (1997): Duopoly Strategies Programmed by Experienced Players. Econometrica 65, 517-555.

Project B5:

• Herrendorf, B., and M.J.M. Neumann (1997): A Non-Normative Theory of Inflation and Centralbank Independence. SFB 303, Universität Bonn, Discussion Paper No. B-400.

• Weber, A. (1997): Sources of Currency Crisis: An Empirical Analysis. SFB 303, Universität Bonn, Discussion Paper No. B-418.

• Weber, A. (1997): Sources of Purchasing Power Disparities between G3 Economies. SFB 303, Universität Bonn, Discussion Paper No. B-419.

• Weber, A. (1997): Sources of Purchasing Power Disparities: Europe versus the United States. SFB 303, Universität Bonn, Discussion Paper No. B-420.

• Neumann, M.J.M. (1997): The Prospects of a Mini Currency Union in 1999: Comment. In: H. Siebert (ed.), Quo Vadis Europe?, Mohr, Tübingen, 299-306.

• Neumann, M.J.M. (1997): The Lending Channel and European Monetary Union: Comment. In: S. Collignon (ed.), European Monetary Policy, Pinster, London, 72-76.

• Neumann, M.J.M. (1997): Monetary Targeting in Germany. In: I. Kuroda (ed.), Towards More Effective Monetary Policy, MacMillan, London, 176-198.

• Neumann, M.J.M. (1997): Central Bank Independence and Price Stability. In: Die Bedeutung der Unabhängigkeit der Notenbank für die Glaubwürdigkeit der europäischen Geldpolitik, Österreichische Nationalbank, Wien, 18-29.

• Neumann, M.J.M. (1997): Will EMU Be Established by 1999? In: Y. Gedmin (ed.), European Integration and American Interests, 38-41.

• Neumann, M.J.M. (1997): Europäische Währungsunion: Welche Länder werden sie wählen? In: D. Duwendag (ed.), Szenarien der Europäischen Währungsunion und der Bankenregulierung, Duncker & Humblodt, Berlin, 51-70.

• Neumann, M.J.M. (1997): Asymmetrische Schocks und die Zukunft der Europäischen Währungsunion: Korreferat. In: O.G. Mayen and H.E. Scharrer (eds.), Schocks und Schockverarbeitung in der Europäischen Währungsunion, Nomos, Baden-Baden, 73-76.

• von Hagen, J. (1997): Monetary Policy and Institutions in the EMU. Swedish Economic Policy Review 4, 52-127.

• von Hagen, J. (1997): East Germany: The Economics of Kinship. In: P. Desai (ed.), The Integration of Transforming Economies into the World Economy, MIT Press, Cambridge, MA, to appear.

• von Hagen, J. (1997): Institutionelle Aspekte der Osterweiterung der EU. In: T. König, E. Rieger, and S. Schmidt (eds.), Mannheimer Jahrbuch für Europäische Sozialforschung II, Campus, Frankfurt, 380-396.

• von Hagen, J., and G. Hammond (1997): Regional Insurance Against Asymmetric Shocks in EMU. In: J.O. Hairault, P.-Y. Hénin, and F. Portier (eds.), Business Cycles and Macroeconomic Stability, Dordrecht: Kluwer, Boston, 171-188.

• von Hagen, J., and G. Hammond (1997): Coping with Asymmetric Shocks in EMU: The Insurance Approach. In: O.G. Mayer, and H.-E.Scharrer (eds.), Schocks und Schockverarbeitung in der Europäischen Währungsunion, Nomos, Baden-Baden, 197-214.

• von Hagen, J., T. Bayoumi, and B. Eichengreen (1997): European Monetary Unification: Implications of Policy for Research. Open Economies Review, 71-91.

• von Hagen, J., M. Fratianni, and C. Waller (1997): Central Banking as a Political Principal Agent Problem. Economic Inquiry, 378-394.

• von Hagen, J., D. Begg, F. Giavazzi, and C. Wyplosz (1997): EMU: Getting the End-game Right. Monitoring European Integration 7.

• Weber, A. (1997): Sources of Purchasing Power Disparity between the G3-Economies. Journal of Japanese and International Economics, to appear.

• Weber, A. (1997): Ursachen Spekulativer Attacken: Eine empirische Analyse. Schriften des Vereins für Socialpolitik, to appear.

• Weber, A. (1997): Sources of Purchasing Power Disparities: Europe versus the United States. European Economy, to appear.

• Weber, A. (1997): Der Zusammenhang zwischen Bildungsstand und Wirtschaftswachstum: Theorie und empirische Evidenz. Schriften des Vereins für Socialpolitik, to appear.

• Wesche, K. (1997): The Stability of European Money Demand: An Investigation of M3H. Open Economies Review 8(4), 371-391.

• Wesche, K. (1997): The Demand for Divisia Money in a Core Monetary Union. Federal Reserve Bank of St. Louis Review 79(5), 51-60.

• Wesche, K. (1997): Die Geldnachfrage in Europa: Aggregationsprobleme und Empirie. Dissertation Universität Bonn.

Project B6:

• Herreiner, D., and A. Sela (1997): Fictitious Play in Coordination Games. SFB 303, Universität Bonn, Discussion Paper No. B-423.

• Schlag, K.H., and J. Oechssler (1997): Loss of Commitment? An Evolutionary Analysis of Bagwell’s Example. SFB 303, Universität Bonn, Discussion Paper No. B-410.

• Balkenborg, D., and E. Winter (1997): A Necessary and Sufficient Epistemic Condition for Playing Backward Induction. Journal of Mathematical Economics 27, 325-345.

• Herreiner, D. (1997): Komplexe, adaptive Systeme in der Volkswirtschaft. In: S. Bornholdt and P.H. Feindt (eds.), Komplexe adaptive Systeme, Räll Verlag, Dettelbach, 119-145.

• Herreiner, D. (1997): Die volkswirtschaftliche Bedeutung elektronischen Geldes. Datenschutz und Datensicherheit 21/7, 390-395.

• Herreiner, D. (1997): Virtuelles Geld - eine globale Falle? Interdisziplinärer Diskurs zu querschnittlichen Fragen der IT-Sicherheit, Schriftenreihe des Bundesamtes für Sicherheit in der Informationstechnik, SecuMedia Verlag, Ingelheim, to appear.

• Herreiner, D., G. Weisbuch, and A. Kirman (1997): Market Orgnisation. In: R. Conte, R. Hegselmann and P. Terna (eds.), Simulating Social Phenomena, Lecture Notes in Economics and Mathematical Systems, Springer Verlag, Berlin, 221-240.

• Nöldeke, G. (1997): A Dynamic Model of Equilibrium Selection in Signaling Markets. Journal of Economic Theory, 118-156.

• Pollock, G. (1997): Evolutionary Games and Computer Simulation in Studies of Social Structure. In: C. Winship (ed.), Sociological Methods and Research, Harvard University, to appear.

• Pollock, G. (1997): Experimental Economics and Reciprocity Theory. In: C. Winship (ed.), Sociological Methods and Research, Harvard University, to appear.

• Pollock, G. (1997): Evolutionary Games and Social Structure. In: M. Brinton (ed.), Rationality and Society, The University of Chicago, to appear.

• Schlag, K. (1997): Why Imitate, and If So, How? A Boundedly Rational Approach to Multiarmed Bandits. Journal of Economic Theory 77, to appear.

• Schlag, K. (1997): Which One Should Imitate? Journal of Mathematical Economics, to appear.

• Sela, A., D. Monderer, and D. Samet (1997): Belief Affirming in Learning Processes. Journal of Economic Theory 2, 438-452.

• Shaked, A., E. Eshel, and D. Samuelson (1997): Altruists, Egoists, and Hooligans in a Local Interaction Model. American Economic Review, to appear.

• Shaked, A., G.J. Mailath, and L. Samuelson (1997): Correlated Equilibria and Local Interactions. Economic Theory 3, 551-556.

• Shaked, A., G.J. Mailath, and L. Samuelson (1997): Endogenous Interactions. Conference Volume of the Tenth Workshop of the International School of Economic Research on ‘Evolution and Economics’, held at the Certosa di Pontignano, Siena, to appear.

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