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Author: H Haller
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We set up two country games to express strategic aspects of economic integration, where integration requires overcoming fixed costs in the form of a vector of resources, the two countries' agents' characteristics are d...Read more...
H Haller and Y Ioannides
May 1995
We analyze a strategic game where in a first step, a country can adopt another country's currency. In a second step, thee two countries commit resources to economic integration. A common currency reduces the overall res...Read more...