Results 111 to 120 of about 1,721 (242)
A Theory of the Boundaries of Banks With Implications for Financial Integration and Regulation
Financial Management, EarlyView.ABSTRACT We offer a theory of the “boundary of the firm” that is tailored to banks, recognizing the relevance of deposit financing and interbank lending as a substitute for integration. It is based on a single inefficiency that has been at the core of banking theory: risk‐shifting incentives in the interest of bank shareholders.
Falko Fecht +2 more
wiley +1 more source
An efficient algorithm for Nash equilibria when harvesting interacting living resources
, 2023 Del Santo O’Neill TJ +2 more
europepmc +1 more source
Nash Equilibria in the Response Strategy of Correlated Games. [PDF]
Sci Rep, 2019 Correia AD, Stoof HTC.
europepmc +1 more source
Cryptocurrency Bubbles and Costly Mining
International Economic Review, EarlyView.ABSTRACT This paper develops a model of a cryptocurrency by incorporating mining into the otherwise standard search‐theoretic monetary framework. As usual, multiple equilibria exist. To obtain a sharp prediction on whether a cryptocurrency' s value will last in the future, I propose a notion of equilibrium refinement based on the feature that mining ...
Kohei Iwasaki
wiley +1 more source
Network Games With Triadic Interactions
International Economic Review, EarlyView.ABSTRACT We propose a model for network‐mediated interactions incorporating higher‐order relationships such as triadic interactions. The marginal utility of an individual's action depends explicitly on endogenous actions of multiple units. Conditions ensuring a unique Nash equilibrium are derived using a variational inequality approach. We estimate the
Wei Shi, Chunchao Wang, Pei Yu
wiley +1 more source
Determining quantum correlation through Nash equilibria in constant-sum games
APL QuantumQuantum game theory has emerged as a promising candidate to further the understanding of quantum correlations. Motivated by this, it is demonstrated that pure strategy Nash equilibria can be utilized as a mechanism to witness and determine quantum ...
Adam Lowe
doaj +1 more source
Identification and Estimation of Large Network Games with Private Link Information
International Economic Review, EarlyView.ABSTRACT We study the identification and estimation of large network games in which individuals choose continuous actions while holding private information about their links and payoffs. Extending the framework of Galeotti et al., we build a tractable empirical model of such network games and show that the parameters in individual payoffs are ...
Hülya Eraslan, Xun Tang
wiley +1 more source
Pairwise Imitation and Tournament Graphs
International Economic Review, EarlyView.ABSTRACT This paper investigates strategic dynamics under the behavioral rule of pairwise interact and imitate (PII), which requires minimal information and emphasizes outperforming opponents in pairwise interactions. We characterize PII using weak tournament graphs and, for a broad class of dynamics, establish a one‐shot stability result for ...
Sung‐Ha Hwang +3 more
wiley +1 more source
Approximation of Nash equilibria and the network community structure detection problem. [PDF]
PLoS One, 2017 Mihai-Alexandru S, Noémi G, Ioana LR.
europepmc +1 more source
Inter‐disciplinary perspectives on sustainability in machinery manufacturing
International Journal of Management Reviews, EarlyView.Abstract Perspectives on economic, social and environmental sustainability in machinery manufacturing are changing. These are predominantly driven by increased consumer, firm and public knowledge on the importance of sustainability and the role that machinery manufacturers can play to achieve sustainability outcomes.
Oluwaseun E. Olabode +5 more
wiley +1 more source