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dc.contributor.authorvon Hagen, Jürgenen_US
dc.contributor.authorKube, Sebastianen_US
dc.contributor.authorSelten, Reinharden_US
dc.contributor.authorPope, Robinen_US
dc.date.accessioned2009-01-29T15:11:31Z-
dc.date.available2009-01-29T15:11:31Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/22972-
dc.description.abstractConclusions favorable to flexible exchange rates typically accord with expected utility theory in ignoring the costs that exchange rate uncertainty generates for governments, central banks, firms and unions in: (i) choosing among acts; and (ii) existing until learning the outcome of the chosen act. Allowing for these involves SKAT, the Stages of Knowledge Ahead Theory, Pope (1983, 1995, 2005), Pope, Leitner and Leopold (2006). A laboratory experiment suggests that (i) and (ii) together outweigh the advantages of having a flexible exchange rate as an additional instrument for managing a country?s international competitiveness goal.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesBonn econ discussion papers 2006,28en_US
dc.subject.jelF33en_US
dc.subject.jelD80en_US
dc.subject.jelD81en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.keywordexchange rate regimeen_US
dc.subject.keywordexchange rate uncertaintiesen_US
dc.subject.keywordcurrency unionen_US
dc.subject.keywordmacro-economic instrumentsen_US
dc.subject.keywordexperimenten_US
dc.subject.keywordSKATen_US
dc.titleExperimental Evidence on the Benefits of Eliminating Exchange Rate Uncertainties and Why Expected Utility Theory causes Economists to Miss Themen_US
dc.typeWorking Paperen_US
dc.identifier.ppn525262067en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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