Publications of the SFB 303 - 1998

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

  • A2: Information and Incentives in Public Finance
    
    • 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: Stochastics of Financial Markets
    
    • Preprints / Publications

  • B4: Experimental Economics
    
    • Preprints / Publications

  • B5: Macroeconomics Institutions and Structures
    
    • Preprints / Publications

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

Project A1:

• Chattopadhyay, S., L.C. Corchón, and J. Naeve (1998): Contingent Commodities and Implementation. SFB 303, Universität Bonn, Discussion Paper No. A-572.

• Grüner, H.P. (1998): Unemployment and Labor-Market Reform: A Contract Theoretic Approach. SFB 303, Universität Bonn, Discussion Paper No. A-584.

• Rosenkranz, S. (1998): To Reveal or Not to Reveal: The Case of Research Joint Ventures with Two-sided Incomplete Information. Centre for Economic Policy Research (CEPR), Discussion Paper No. 1985.

• Schuhmacher, F. (1998): Strategic Trade Policy under Asymmetric Information about Market Demand. SFB 303, Universität Bonn, Discussion Paper No. A-573.

• Schuhmacher, J. (1998): Choice of Maturity and Financial Intermediation. SFB 303, Universität Bonn, Discussion Paper No. A-571.

• Schuhmacher, J. (1998): Seniority Structure and Financial Intermediation. SFB 303, Universität Bonn, Discussion Paper No. A-583.

• Schweizer, U. (1998): Robust Possibility and Impossibility Results. SFB 303, Universität Bonn, Discussion Paper No. A-590.

• Will, H.C.U. (1998): External vs. Internal Monitors: The Role of Restructuring Consequences and Information Technologies. SFB 303, Universität Bonn, Discussion Paper No. A-576.

• Will, H.C.U. (1998): Management Style in Decision Making - Top Down or Bottom Up? SFB 303, Universität Bonn, Discussion Paper No. A-577.

• Ewerhart, C., and P. Schmitz (1998): Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements? Comment. American Economic Review 8, 1027.

• Funk, P. (1998): Satiation and Underdevelopment. Journal of Development Economics, forthcoming.

• Grüner, H.P. (1998): Einige Anmerkungen zu den Determinanten wirtschaftlicher Stabilität. Zeitschrift für Wirtschaftspolitik 47, 20-41.

• Grüner, H.P., and C. Hefeker (1998): How Will EMU Affect Inflation and Unemployment in Europe? Scandinavian Journal of Economics, forthcoming.

• Rosenkranz, S., and P. Schmitz (1998): Know-How Disclosure and Incomplete Contracts. Economics Letters, forthcoming.

• Schmitz, P. (1998): Randomization in Coalition Contracts. Public Choice 94, 341-353.

• Schmitz, P., and D. Sliwka (1998): Die Bedeutung von privater Information für Vertragsbeziehungen zwischen Käufern und Verkäufern. Homo Oeconomicus XV(2), 233-243.

• Schweizer, U. (1998): Der dritte Hauptsatz der Wohlfahrtstheorie. Nordrhein-Westfälische Akademie der Wissenschaften, Vorträge N 437, 7-21.

Project A2:

• Biswas, D., and S. Marjit (1998): Interregional Migration and Polarisation: A Theoretical Analysis. SFB 303, Universität Bonn, Discussion Paper No. A-582.

• Bös, D., and G. De Fraja (1998): Contracts for Health Services: Quality versus Excess Capacity. SFB 303, Universität Bonn, Discussion Paper No. A-578.

• Corneo, G., and M. Marquardt (1998): Employers´ Versus Employees´ Contributions to the Social Security System. SFB 303, Universität Bonn, Discussion Paper No. A-570.

• Gaube, T. (1998): When Do Distortionary Taxes Reduce the Optimal Supply of Public Goods? SFB 303, Universität Bonn, Discussion Paper No. A-574.

• Gaube, T. (1998): Distortionary Taxes Preserve the Environment. SFB 303, Universität Bonn, Discussion Paper No. A-579.

• Marquardt, M. (1998): Social Security, Unemployment, and Economic Growth. SFB 303, Universität Bonn, Discussion Paper No. A-587.

• Marquardt, M. (1998): The Pareto-Improving Transition from a Pay-As-You-Go System to a Fully Funded System in a Model of Endogenous Growth. SFB 303, Universität Bonn, Discussion Paper No. A-588.

• Ahsan, S.M. (1998): The Design of a Consumption Tax under Capital Risk. Zeitschrift für Nationalökonomie / Journal of Economics 68, 53-78.

• Bös, D. (1998): Theoretical Perspectives on Privatisation: Some Outstanding Issues. In: Parker, D. (ed.), Privatisation in the European Union. Theory and Policy Perspectives, Routledge, London - New York, 49-69.

• Bös, D. (1998): Preisregulierung privatisierter Versorgungsunternehmen. Hamburger Jahrbuch für Wirtschafts- und Gesellschaftspolitik 43, 55-78.

• Bös, D. (1998): Gedanken zum Refereesystem in ökonomischen wissenschaftlichen Zeitschriften. In: Baltzarek, F., F. Butschek, and G. Tichy (eds.), Von der Theorie zur Wirtschaftspolitik - Ein österreichischer Weg. Festschrift für Erich Streissler, Lucius & Lucius, Stuttgart, 47-72.

• Bös, D. (1998): Privatization and Restructuring: An Incomplete - Contract Approach. JITE (Journal of Institutional and Theoretical Economics), forthcoming.

• Bös, D. (1998): Incomplete Contracting and Price Regulation. Journal of Public Economics, forthcoming.

• Bös, D., and G. Tillmann (1998): Some Thoughts on Equity and Envy. In: Fritz-Asmuss, D. (ed.), Wirtschaftsgesellschaft und Kultur. Gottfried Eisermann zum 80. Geburtstag, Haupt, Bern - Stuttgart - Wien, 61-78.

• Corneo, G. (1998): Anreiztheorie zur Regulierung natürlicher Monopole. In: Verein der Freiburger Wirtschaftswissenschaftler (ed.), Offen für Reformen?, Nomos, Baden-Baden, 291-310.

• Corneo, G., and O. Jeanne (1998): Social Organization, Status, and Savings Behavior. Journal of Public Economics 70, 37-51.

• De Fraja, G., and I. Ray (1998): Slot Allocation: A Model of Competition between Firms when Consumers Are Procedurally Rational. Mathematical Social Sciences, forthcoming.

• Janeba, E. (1998): Tax Competition in Imperfectly Competitive Markets. Journal of International Economics 44, 135-153.

• Janeba, E., and W. Peters (1998): Tax Evasion, Tax Competition and the Gains from Non-Discrimination: The Case of Interest Taxation in Europe. Economic Journal, forthcoming.

Project A3:

• Hildenbrand, K. (1998): On J.M. Grandmont's Modelling of Behavioral Heterogeneity. SFB 303, Universität Bonn, Discussion Paper No. A-580.

• Hildenbrand, W. (1998): How Relevant Are Specifications of Behavioral Relations on the Micro-Level for Modelling the Time Path of Population Aggregates? SFB 303, Universität Bonn, Discussion Paper No. A-569.

• Hildenbrand, W., and A. Kneip (1998): On Behavioral Heterogeneity. SFB 303, Universität Bonn, Discussion Paper No. A-589.

• Hildenbrand, W., A. Kneip, and K. Utikal (1998): A Non-parametric Analysis of Distributions of Household Income and Attributes. SFB 303, Universität Bonn, Discussion Paper No. A-575.

• Jang, I. (1998): Nonparametric Analysis of Cross Section Labor Supply Curves. SFB 303, Universität Bonn, Discussion Paper No. A-586.

• John, R. (1998): Quasimonotone Individual Demand. SFB 303, Universität Bonn, Discussion Paper No. A-585.

• Utikal, K., and I. Utikal (1998): The Spanish Family Budget (EPF) Data and the Law of Demand. SFB 303, Universität Bonn, Discussion Paper No. A-581.

• Heid, F. (1998): Nonparametric Modelling of Financial Time Series. Dissertation Universität Bonn.

• Bettzüge, M.O. (1998): An Extension of a Theorem by Mitjushin and Polterovich to Incomplete Markets. Journal of Mathematical Economics 30, 285-300.

• Bewley, T. (1998): Why not Cut Pay? European Economic Review 42, 459-490.

• Evstigneev, I., and S.D. Flaam (1998): Rapid Growth Paths in Multivalued Dynamical Systems Generated by Homogeneous Convex Stochastic Operators. Set-Valued Analysis 6, 61-82.

• Evstigneev, I., M.A.H. Dempster, and S.A. Pirogov (1998): Balanced States in Stochastic Economies with Locally Interacting Agents. Stochastics and Stochastics Reports 64, 235-253.

• Hens, Th. (1998): Do Sunspots Matter when Spot Market Equilibria Are Unique? Econometrica, forthcoming.

• Hens, Th. (1998): Financial Intermediation versus Stock Markets in a Dynamic Intertemporal Model, Comment on Bhattacharya, Fulghieri and Rovelli. Journal of Institutional and Theoretical Economics 154, 325-327.

• Hens, Th. (1998): Incomplete Markets. In: Kirman, A. (ed.), Elements of General Equilibrium Theory, Blackwell Publishers, Oxford, 139-210.

• Hens, Th., and P. Gottardi (1998): On the Disaggregation of Excess Demand Functions when Markets Are Incomplete: The Case of Nominal Assets. Economic Theory, forthcoming.

• Hens, Th., J.-M. Bottazzi, and A. Löffler (1998): Market Demand Functions in CAPM. Journal of Economic Theory 79, 192-206.

• Hens, Th., E. Jäger, A. Kirman, and L. Phlips (1998): Exchange Rates and Oligopoly. European Economic Review, forthcoming.

• Hildenbrand, W. (1998): An Exposition of Wald´s Existence Proof. In: Dierker, E., and K. Sigmund (eds.), Karl Menger, Ergebnisse eines Mathematischen Kolloquiums, Springer-Verlag, Wien, 51-61.

• Hildenbrand, W. (1998): How Relevant Are Specifications of Behavioral Relations on the Micro-Level for Modelling the Time Path of Population Aggregates? European Economic Review 42, 437-458.

• Hildenbrand, W. (1998): On the Empirical Content of Economic Theories. In: Kirman, A., and L.-A. Gérard-Varet (eds.), Economics Beyond the Millenium, Clarendon Press, Oxford, U.K., 37-54.

• Hildenbrand, W. (1998): Zur Relevanz mikroökonomischer Verhaltenshypothesen für die Modellierung der zeitlichen Entwicklung von Aggregaten. Schriften des Vereins für Socialpolitik, Bd. 261. Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, 195-218.

• Hildenbrand, W. (1998): An Introduction to Demand Aggregation. Journal of Mathematical Economics, forthcoming.

• Hildenbrand, W., and A. Kirman (1998): The Core and Competitive Equilibrium. In: Kirman, A. (ed.), Elements of General Equilibrium Analysis, Blackwell Publishers, Oxford, 261-290.

• Hildenbrand, W., and A. Kneip (1998): Demand Aggregation under Structural Stability. Journal of Mathematical Economics, forthcoming.

• Hildenbrand, W., A. Kneip, and K. Utikal (1998): A Non-parametric Analysis of Distributions of Household Income and Attributes. Revue de Statistique Appliquée, forthcoming.

• Jerison, M. (1998): Dispersed Excess Demands, the Weak Axiom and Uniqueness of Equilibrium. Journal of Mathematical Economics, forthcoming.

• John, R. (1998): Abraham Wald’s Equilibrium Existence Proof Reconsidered. Economic Theory, forthcoming.

• John, R. (1998): Variational Inequalities and Pseudomonotone Functions: Some Characterizations. In: Crouzeix, J.-P., J.E. Martínez-Legaz, and M. Volle (eds.), Generalized Convexity, Generalized Monotonicity. Proceedings of the 5^th Symposium on Generalized Convexity, Kluwer, Dordrecht, forthcoming.

• Kneip, A. (1998): Behavioral Heterogeneity and Structural Properties of Aggregate Demand. Journal of Mathematical Economics, forthcoming.

• Li, Z.-Y., and J. Shi (1998): Translation into Chinese of: Rao, C.R., Statistics and Truth (1995, Second Enlarged Edition), Chiu Chang Math. Publishers, Taipei, Taiwan.

• Puppe, C. (1998): Individual Freedom and Social Choice. In: Laslier, J.F., M. Fleurbaey, N. Gravel, and A. Trannoy (eds.), Freedom in Economics: New Perspectives in Normative Analysis, Routledge, London, 49-68.

• Puppe, C. (1998): Impersonal versus Objectivist Conceptions of Freedom: A Comment. In: Laslier, J.F., M. Fleurbaey, N. Gravel, and A. Trannoy (eds.), Freedom in Economics: New Perspectives in Normative Analysis, Routledge, London, 93-98.

• Puppe, C., and R. Kerschbamer (1998): Voluntary Contributions when the Public Good Is Not Necessarily Normal. Journal of Economics 68, 175-192.

• Puppe, C., and K. Nehring (1998): Extended Partial Orders: A Unifying Structure for Abstract Choice Theory. Annals of Operations Research 80, 27-48.

• Utikal, K., J. Bours, and M. Ahrend (1998): Glycation of Bovine Lens Crystallins. Opthalmic Research, forthcoming.

Project B1:

• Ackermann, M., and N. Christopeit (1998): The Time Optimal Transition of Eastern Germany´s Productivity. SFB 303, Universität Bonn, Discussion Paper No. B-430.

• Krelle, W. (1998): Ökonomische Grundlagen der Ethik. SFB 303, Universität Bonn, Discussion Paper No. B-428.

• Krelle, W. (1998): Economics and Ethics. Part I: The General Conception. SFB 303, Universität Bonn, Discussion Paper No. B-441.

• Krelle, W. (1998): Economic Foundations of Ethics. SFB 303, Universität Bonn, Discussion Paper No. B-434.

• Puntanen, S., G.P.H. Styan, and H.J. Werner (1998): Two Matrix-based Proofs that the Linear Estimator Gy is the Best Linear Unbiased Estimator. Report A320, Dept. of Mathematics, Statistics and Philosophy, University of Tampere.

• Puntanen, S., G.P.H. Styan, H.J. Werner, and F. Zhang (1998): Solutions to Selected Problems in Econometric Theory in 1997-1998. Report A322, Dept. of Mathematics, Statistics and Philosophy, University of Tampere.

• Krelle, W. (1998): Some Ideas on Economics and Ethics. In: Feichtinger, G., and U.-L. Wildburger, Festschrift zum 70. Geburtstag von Franz Ferschl, Springer-Verlag, forthcoming.

• Krelle, W. (1998): Ein RBC-Modell mit monopolistischer Konkurrenz. Korreferat zum Referat von Alfred Maußner. Veröffentlichungsreihe des Wirtschaftswisenschaftlichen Seminars Ottobeuren, forthcoming.

• Puntanen, S., G.P.H. Styan, and H.J. Werner (1998): Two Matrix-based Proofs that the Linear Estimator Gy is the Best Linear Unbiased Estimator. Journal of Statistical Planning and Inference, forthcoming.

• Puntanen, S., G.P.H. Styan, and H.J. Werner (1998): Problem 21-5, Determinants and G-In-verses. IMAGE: Bull. Internat. Linear Algebra Soc. 21, 28.

• Styan, G.P.H., and H.J. Werner (1998): Solution to Problem 98.2.2 [Econometric Theory 14 (1998), 285], Upper Bounds for Eigenvalues of Nonnegative Definite Matrices. Econometric Theory, forthcoming.

• Werner, H.J. (1998): Solution 19-1.3 to Problem 19-1, Eigenvalues. IMAGE: Bull. Internat. Linear Algebra Soc. 20, 26-27.

• Werner, H.J. (1998): Solution 19-2.3 to Problem 19-2, Non-negative Definite Matrices. IMAGE: Bull. Internat. Linear Algebra Soc. 20, 27-28.

• Werner, H.J. (1998): Solution 19-5.4 to Problem 19-5, Symmetrized Product Definiteness? IMAGE: Bull. Internat. Linear Algebra Soc. 20, 29-30.

Project B3:

• Frey, R. (1998): Superreplication in Stochastic Volatility Models and Optimal Stopping. SFB 303, Universität Bonn, Discussion Paper No. B-435.

• Laurent, J.-P., and D.P.J. Leisen (1998): Building a Consistent Pricing Model from Observed Option Prices. SFB 303, Universität Bonn, Discussion Paper No. B-443.

• Look, S. (1998): The Stochastic Finite Element Method and Application in Option Pricing. SFB 303, Universität Bonn, Discussion Paper No. B-429.

• Lotz, Ch. (1998): Locally Minimizing the Credit Risk. SFB 303, Universität Bonn, Discussion Paper No. B-433.

• Nielsen, J., and K. Sandmann (1998): Asian Exchange Rate Options under Stochastic Interest Rates: Pricing as a Sum of Delayed Payment Options. SFB 303, Universität Bonn, Discussion Paper No. B-431.

• Sommer, D. (1998): Pseudo-Arbitrage. A New Approach to Pricing and Hedging in Incomplete Markets. SFB 303, Universität Bonn, Discussion Paper No. B-442.

• Wiesenberg, H. (1998): Modeling Market Risk in a Jump-Diffusion Setting. SFB 303, Universität Bonn, Discussion Paper No. B-424.

• Leisen, D.P.J. (1998): On Efficient Binomial Option Price Approximations. Dissertation Universität Bonn.

• Epstein, D., N. Mayor, P. Schönbucher, A.E. Whalley, and P. Wilmott (1998): The Valuation of a Firm Advertising Optimally. The Quarterly Review of Economics and Finance 38, 149-166.

• Föllmer, H., and Y.M. Kabanov (1998): Optional Decomposition and Lagrange Multipliers. Finance and Stochastics 2(1), 69-81.

• Frey, R., and D. Sommer (1998): The Generalization of the Geske-formula for Compound Options to Stochastic Interest Rates Is not Trivial - A Note. Journal of Applied Probability 35, 501-509.

• Leisen, D. (1998): Pricing the American Put Option: A Detailed Convergence Analysis for Binomial Models. Journal of Economic Dynamics and Control 22 (8-9), 1419-1444.

• Pham, H., T. Rheinländer, and M. Schweizer (1998): Mean-Variance Hedging for Continuous Processes: New Proofs and Examples. Finance and Stochastics 2(2), 173-198.

• Platen, E., and M. Schweizer (1998): On Feedback Effects from Hedging Derivatives. Mathematical Finance 8(1), 67-84.

• Schlögl, E., and D. Sommer (1998): Factor Models and the Shape of the Term Structure. The Journal of Financial Engineering 7, 79-88.

• Schönbucher, P.H. (1998): Term Structure Modelling of Defaultable Bonds. Review of Derivatives Research 2 (2/3), 161-192.

• Schürger, K. (1998): Wahrscheinlichkeitstheorie.; Oldenbourg Verlag, München, Wien.

• Sommer, D. (1998): Pricing and Hedging of Contingent Claims in Term Structure Models with Exogenous Issuing of New Bonds. European Financial Management 3, 269-292.

Project B4:

• Abbink, K., and B. Kuon (1998): Ein Optionsbewertungsexperiment mit professionellen Tradern. SFB 303, Universität Bonn, Discussion Paper No. B-425.

• Abbink, K., and B. Kuon (1998): An Option Pricing Experiment with Professional Traders. SFB 303, Universität Bonn, Discussion Paper No. B-426.

• Fahr, R., and B. Irlenbusch (1998): Fairness as a Constraint on Trust in Reciprocity - An Experimental Observation. SFB 303, Universität Bonn, Discussion Paper No. B-439.

• Ockenfels, A., and R. Selten (1998): An Experiment on the Hypothesis of Involuntary Truth-Signalling in Bargaining. SFB 303, Universität Bonn, Discussion Paper No. B-440.

• Hennig-Schmidt, H. (1998): Bargaining in a Video Experiment - Determinants of Boundedly Rational Behavior. Dissertation Universität Bonn.

• Chen, Y., and F.F. Tang (1998): Learning and Incentive Compatible Mechanisms for Public Goods Provision: An Experimental Study. The Journal of Political Economy 106, 633-662.

• Hennig-Schmidt, H. (1998): Bargaining in a Video Experiment - Determinants of Boundedly Rational Behavior, Lecture Notes in Economics and Mathematical Systems, Vol. 467, Springer-Verlag, Berlin-Heidelberg-New York, forthcoming.

• Irlenbusch, B., and L. Schade (1998): Zur Wirksamkeit nicht bindender Verträge - Eine experimentelle Untersuchung. Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung, forthcoming.

• Sadrieh, A. (1998): The Alternating Double Auction Market - A Game Theoretic and Experimental Investigation, Lecture Notes in Economics and Mathematical Systems, Vol. 466, Springer-Verlag, Berlin-Heidelberg-New York.

• Selten, R. (1998): Multistage Game Models and Delay Supergames. Theory and Decision 44, 1-36.

• Selten, R. (1998): Axiomatic Charaterization of the Quadratic Scoring Rule. Experimental Economics 1, 43-62.

• Selten, R. (1998): Game Theory, Experience, Rationality. In: Leinfellner, W., and E. Köhler (eds.), Game Theory, Experience, Rationality, Kluwer Academic Publishers, Netherlands, 9-34.

• Selten, R. (1998): Features of Experimentally Observed Bounded Rationality. European Economic Review 42, 413-436.

• Selten, R. (1998): Aspiration Adaptation Theory. Journal of Mathematical Psychology 42, 191-214.

• Selten, R., and J. Buchta (1998): Experimental Sealed Bid First Price Auctions With Directly Observed Bid Functions. In: Budescu, D., I. Erev, and R. Zwick, Games and Human Behavior, Lawrence Erlbaum Associates, Inc., Publishers, Mahwah, forthcoming.

• Selten, R., and A. Ockenfels (1998): An Experimental Solidarity Game. Journal of Economic Behavior and Organization 34, 517-539.

• Selten, R., A. Sadrieh, and K. Abbink (1998): Money Does not Induce Risk-Neutral Behavior. But Binary Lotteries Do Even Worse. Theory and Decision, forthcoming.

• Starmer, Ch. (1998): Cycling with Rules of Thumb: An Experimental Test for a New Form of Non-Transitive Behaviour. Theory and Decision, forthcoming.

Project B5:

• Lux, Th. (1998): The Limiting Extremal Behaviour of Speculative Returns: An Analysis of Intra-Daily Data from the Frankfurt Stock Exchange. SFB 303, Universität Bonn, Discussion Paper No. B-436.

• Lux, Th. (1998): A Note on the Stochastic Properties of German Stock Returns. SFB 303, Universität Bonn, Discussion Paper No. B-444.

• Lux, Th., and M. Marchesi (1998): Volatility Clustering in Financial Markets: A Micro-Simulation of Interacting Agents. SFB 303, Universität Bonn, Discussion Paper No. B-437.

• Lux, Th., and M. Marchesi (1998): Scaling and Criticality in a Stochastic Multi-Agent Model of a Financial Market. SFB 303, Universität Bonn, Discussion Paper No. B-438.

• Neumann, M.J.M., and B. Herrendorf (1998): The Political Economy of Inflation and Central Bank Independence. Discussion Paper No. 1787, Centre for Economic Policy Research, London.

• Agenor, P.R., M. Miller, D. Vines, and A.A. Weber (eds.) (1998): The Asian Financial Crisis: Causes, Consequences and Contagion, Cambridge University Press, forthcoming.

• Artis, M., and A.A. Weber (eds.) (1998): The Euro: A Challenge and Opportunity for Financial Markets. Kluwer Academic Publishers, Dodrecht, Netherlands, forthcoming.

• v. Hagen, J. (1998): Reciprocity and Political Business Cycles in Federal Monetary Unions. In: Eijffinger, S., and H. Huizinga (eds.), Positive Political Economy, Cambridge University Press, Cambridge, 29-46.

• v. Hagen, J. (1998): Geldpolitik auf Neuen Wegen (1971-1978). In: Deutsche Bundesbank (ed.), Fünfzig Jahre Deutsche Mark - Notenbank und Währung seit 1948, C.H. Beck, München, 439-473.

• v. Hagen, J. (1998): East Germany: The Economics of Kinship. In: Desai, P. (ed.), Going Global: Transition from Plan to Market in The World Economy, MIT Press, 173-207.

• v. Hagen, J. (1998): European Experience with Fiscal Initiatives: Fiscal Institutions, Maastricht Guidelines, and EMU. In: Courchene, T.J., and T.A.Wilson (eds.), Fiscal Targets and Economic Growth, Queen's University, Kingston, 331-347.

• v. Hagen, J. (1998): La Politica della Banca Centrale in un Sistema Finanziario piu Efficiente. In: Associazione Guido Carli (ed.), Idee per il Futuro del Sistema Monetario Internazionale, Aspen Institute Italia, Rome, 102-107.

• v. Hagen, J. (1998): The Euro - No Big Bang for European Financial Markets? Konjunkturpolitik, Beiheft 47, 79-85.

• v. Hagen, J. (1998): Book review on: Eichengreen, B., Globalizing Capital: A History of The International Monetary System. Princeton University Press, Princeton, 1997. Journal of Economics 67, 102-105.

• v. Hagen, J., and I. Fender (1998): Central Banking in a More Perfect Financial System. Open Economies Review 9, 493-531.

• v. Hagen, J., and M. Fratianni (1998): Banking Regulation with Variable Geometry. In: Eichengreen, B., and J. Frieden (eds.), Forging an Integrated Europe, Michigan University Press, Ann Arbor, 159-184.

• v. Hagen, J., and M. Hallerberg (1998): Electoral Institutions and The Budget Process. In: Fukasaku, K., and R. Hausmann (eds.), Democracy, Decentralization, and Deficits in Latin America, OECD Development Center, Paris, 65-94.

• v. Hagen, J., and G. Hammond (1998): Regional Insurance against Asymmetric Shocks - An Empirical Study for the EC. The Manchester School 66, 331-353.

• v. Hagen, J., and M.J.M. Neumann (1998): Entwurf für eine europäische Geld- und Währungspolitik. Kredit und Kapital, Beiheft 14, 365-386.

• v. Hagen, J., R. Perotti, and R. Strauch (1998): Sustainable Public Finances. CEPR, London.

• v. Hagen, J., D. Begg, C. Wyplosz, and K.F. Zimmermann (eds.) (1998): Special Volume on European Monetary Union. Economic Policy 26.

• v. Hagen, J., D. Begg, C. Wyplosz, and K.F. Zimmermann (1998): EMU: Prospects and Challenges for the Euro. Basil Blackwell, Oxford.

• Lux, T. (1998): The Socio-Economic Dynamics of Speculative Markets: Interacting Agents, Chaos, and the Fat Tails of Return Distributions. Journal of Economic Behaviour and Organisation 33, 143-165.

• Lux, T., and M. Marchesi (1998): Scaling and Criticality in a Stochastic Multi-Agent Model of a Financial Market. Nature, forthcoming.

• Lux, T., and M. Marchesi (1998): Volatility Clustering in Financial Markets: A Micro-Simulation of Interacting Agents. In: Delli Gatti, D., M. Gallegatti and A. Kirman (eds.), Market Structure, Aggregation and Heterogeneity, Cambridge University Press, forthcoming.

• Neumann, M.J.M. (1998): Geldwertstabilität: Bedrohung und Bewährung. In: Deutsche Bundesbank (ed.), Fünfzig Jahre Deutsche Mark - Notenbank und Währung seit 1948, C.H. Beck, München, 309-346.

• Neumann, M.J.M., and J. Weidmann (1998): The Information Content of German Discount Rate Changes. European Economic Review 42, 1667-1682.

• Weber, A.A. (1998): Monetary Policy and Credibility: Theories and Facts. Kluwer Academic Publishers, Dodrecht, Netherlands, forthcoming.

• Wesche, K. (1998): Die Geldnachfrage in Europa: Aggregationsprobleme und Empirie. Wirtschaftswissenschaftliche Beiträge, Bd. 154, Physica-Verlag, Heidelberg.

Project B6:

• Cressman, R., and K.H. Schlag (1998): Updating Strategies through Observed Play - Optimization under Bounded Rationality. SFB 303, Universität Bonn, Discussion Paper No. B-432.

• Herreiner, D., A. Kirman, and G. Weibuch (1998): Market Organisation and Trading Relationship. Document de Travail no. 98A32, GREQAM, Université d’Aix-Marseille, France.

• Hofbauer, J., and K.H. Schlag (1998): Sophisticated Imitation in Cyclic Games. SFB 303, Universität Bonn, Discussion Paper No. B-427.

• O`Neill, B. (1998): Risk Aversion in International Relations Theory. SFB 303, Universität Bonn, Discussion Paper No. B-445.

• Eshel, I., D. Herreiner, L. Samuelson, E. Sansone and A. Shaked (1998): Cooperation, Mimesis and Local Interaction.Sociological Methods and Research, forthcoming.

• Herreiner, D. (1998): Local Interaction as a Model of Social Interaction? The Case of Cooperation. In: Brenner, T. (ed.), Computational Techniques for Modelling Learning in Economics. Advances in Computational Economics Series, Kluwer Academic Publishers, forthcoming.

• Herreiner, D. (1998): Geld - nur ein Stück Papier? forum medienethik 2/98, 69-74.

• Herreiner, D. (1998): Systemische Risiken durch Elektronisches Geld? In: Bundesamt für Sicherheit in der Informationstechnik (ed.), Virtuelles Geld - eine globale Falle? Interdisziplinärer Diskurs zu querschnittlichen Fragen der IT-Sicherheit, Ingelheim, 117-164.

• Herreiner, D., and A. Sela (1998): Fictitious Play in Coordination Games. International Journal of Game Theory, forthcoming.

• O`Neill, B. (1998): Honor Symbols and War. University of Michigan Press, forthcoming.

• O`Neill, B. (1998): Review of: Harvey, F.P. (ed), The Future's Back: Nuclear Rivalry, Deterrence Theory, and Crisis Stability After the Cold War; McGill Queens University Press, 1997. Canadian Journal of Political Science, 619-621.

• Schlag, K. (1998): Buchbesprechung: Samuelson, L., Evolutionary Games and Equilibrium Selection, MIT Press, Cambridge, Mass. Journal of Economics / Zeitschrift für Nationalökonomie 68, 86-88.

• Schlag, K. (1998): Why Imitate, and if so, How? A Bounded Approach to Multi-Armed Bandits. Journal of Economic Theory 78(1), 130-156.

• Schlag, K. (1998): Evolutionäre Spieltheorie. In: Hermann-Pillath, C., and M. Lehmann-Waffenschmidt (eds.), Handbuch zur Evolutorischen Ökonomik in zwei Bänden, Springer-Verlag, Berlin, forthcoming.

• Schlag, K. (1998): On the Dynamic (In)Stability of Backwards Induction. Journal of Economic Theory, forthcoming.

• Schlag, K. (1998): Which One Should I Imitate? Journal of Mathematical Economics, forthcoming.

• Schlag, K., and G. Pollock (1998): Social Roles as an Effective Learning Mechanism. Rationality and Society, forthcoming.

• Schlag, K., and A. Sela (1998): You Play (An Action) Only Once. Economics Letters 59(3), 299-303.

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