Results 61 to 70 of about 2,897,594 (227)
Pairwise interactive knowledge and Nash equilibrium [PDF]
We provide epistemic conditions for Nash equilibrium, which are considerably weaker than thestandard ones by Aumann and Brandenburger (1995). Indeed, we simultaneously replace commonknowledge of conjectures and mutual knowledge of rationality with ...
Tsakas Elias, Bach Christian W.
core
Helicopter drops in an open economy when markets are incomplete
Economic Inquiry, EarlyView.Abstract We characterize the spillover effects of helicopter drops and optimal monetary policy in a tractable two‐country overlapping generations model with incomplete markets. As helicopter drops can affect the distribution of income across countries, they create room for redistribution policies which are particularly relevant when agents are ...
Sara Eugeni
wiley +1 more source
Generic Determinacy of Nash Equilibrium in Network Formation Games [PDF]
This paper shows that the set of probability distributions over networks induced by Nash equilibria of the network formation game proposed by Myerson (1991) is finite for a generic assignment of payoffs to networks.
Carlos Pimienta
core
Political Partisanship and State‐Level Bank Efficiency
Financial Review, EarlyView.ABSTRACT We examine the relationship between political partisanship and commercial bank efficiency in the United States from 1972 to 2020, assessing the persistent influence of political affiliations at the state and District of Columbia levels. Bank efficiency scores are estimated using a double‐bootstrap approach, and the analysis is conducted within
Jeremy Eng‐Tuck Cheah +3 more
wiley +1 more source
A Re-Interpretation of Nash Equilibrium Based on the Notion of Social Institutions [PDF]
We define social institutions as strategies in some repeated game. With this interpretation in mind, we consider the impact of introducing requirements on strategies which have been viewed as necessary properties for any social institution to endure. The
Guilherme Carmona
core
The Dynamics of Gender Norms and Fertility Decline
International Economic Review, EarlyView.ABSTRACT This paper models fertility as the outcome of gender‐biased technological progress interacting with endogenous social norms governing childcare. When rising female wages outpace norm adjustment, the inherited norm makes reallocating childcare toward fathers costly, so mothers bear a disproportionate burden and the shadow price of children ...
Xican Xi, Anson Zhou
wiley +1 more source
Cuadernos de Economía, 1996 ¿Cuál será el comportamiento de equilibrio de los agentes de más altos ante las amenzas de la subversión a sus vidas y a su patrimonio? En el contexto de un modelo de teoría de juegos, una de las dos estrategias que se discuten, pagar el "contrato de ...
Salazar Boris, Castillo María del Pilar
doaj
The Nash Bargaining Solution vs. Equilibrium in a Reinsurance Syndicate [PDF]
We compare the Nash bargaining solution in a reinsurance syndicate to the competitive equilibrium allocation, focusing on uncertainty and risk aversion.
Aase, Knut K.
core
Gendered Effects of the Minimum Wage
International Economic Review, EarlyView.ABSTRACT Women work disproportionately in low‐hours jobs, which pay lower wages and are more exposed to minimum‐wage policies. We estimate an equilibrium search model with worker and firm heterogeneity, jobs differing in wages and hours, and imperfect compliance. Applied to Germany, the 8.50 € minimum wage reallocates women toward higher‐hours jobs and
Alessandro Di Nola, Haomin Wang
wiley +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