Learning processes in political economy and financial markets [Elektronische Ressource] / vorgelegt von Christian Michael Merz

2004LearningPh.D.ProMerzcessesPromotionsabscinonPSvoliticalProf.EconomFyorgelegtandMicFinancialt:MarkRadyetsoreferenInaugural-DissertationKlasen,zureratung:Erlangung2005desvGradesvDoChristianctorhaeloRefereneconomiaeProf.publicaeen(Dr.,oKec.t:publ.)StephananPh.D.derhlussbLudwig-Maximilians-Univ9.ersit?tebruarM?nchenGrandma-CafeAgacandknohardwledgemenatswhoIandwmounanIttotoandthankreallymmanifoldyrecosupduringervisorsimplySvunivenallRadytforumeroushistancessuppMunicort,thishelpfultimecommenetssuppandortunitiesdiscussionserduringh-damvypartiesPh.D.thestudiestoatythewSeminaryforeerDynamico!Mondelling.friendsAlsoacquainIinwoutsideanh,tmadetoathankgreatallandcolleaguesvandmefellomoralwortstudenopptstoforvinfromterestingresearcdiscussionsysduringtraseminars,els,conferencestain-trips,andorcoee-breaks.inSpfamousecialnextthanksthegoersitto.moyefamilyof,oumbyorgirl-wfriendand.Con.ten.ts3.1.1Preface.1.1.Learning.in.P.olitical28Econom.y:MoA.Game.Theoretical.MoEconomicdel.to.Ex-Wholeplain.Corruptionelin.Unstable.Economies385Agen1.1.In.tro.ductionLearning.....Cross-Coun.Corruption.........27.......tiating...35.........Financial.Pricing.In....................5.1.2.The2NotionStudyofyCorruption2.1...................Regressions.Set...........Regressions.y.Demo.....Conclusion....6.1.3.The.Mo.del....Learning.ets:.of.Het-.39.duction.................dological.........43.Decision.........44.........25.A12try1.3.1onMoStabilitdelandStructure26.Data.....................................2.2.on.Data.