Although the choice of the invoicing currency is generally taken at the importing/exporting firm’s level, for the sake of simplicity, our study is based on a model where each country, as a whole, takes the decision to trade in a given currency. In the present paper, we model the trade...
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The U.S. and Canadian dollars are major world currencies and as such have drawn a significant amount of attention in academia. There exist swathes of research that examine the relationship between the two currencies using different methodologies. The effects of oil shocks on the U.S. exchange ...
A demand matrix format such as this permits a player to adapt his demand based on the choices made by the other players in previous rounds. Table 1 shows an example genotype for a game with 𝑀=2M=2 and 𝑛=4n=4 players. $2 is the amount to be split. Suppose the previous round ...
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