Search Results - subject:"Strategic Complementarities"

Equilibrium Selection in Global Games with Strategic Complementarities

Frankel, David M.; Morris, Stephen; Pauzner, Ady - Cowles Foundation for Research in Economics, Yale University - 2001

We study games with strategic complementarities, arbitrary numbers of players and actions, and slightly noisy payoff …

Persistent link: https://www.econbiz.de/10005593553

A Characterization of Strategic Complementarities

Echenique, Federico - Institute of Business and Economic Research (IBER), … - 2001

I characterize games for which there is an order on strategies such that the game has strategic complementarities. I …

Persistent link: https://www.econbiz.de/10010538001

The Evolutionary Game of Poverty Traps

Carrera, Edgar Sanchez - Dipartimento di Economia Politica e Statistics, … - 2009

We study an evolutionary game in which the individual behavior of the economic agents can lead the economy either into a low-level or a high-level equilibrium. The model represents two asymmetric populations, “leaders and followers”, where in each round an economic agent of population 1 is...

Persistent link: https://www.econbiz.de/10005766460

A Model of Imitative Behavior in the Population of Firms and Workers

Accinelli, Elvio; London, Silvia; Carrera, Edgar J. Sanchez - Dipartimento di Economia Politica e Statistics, … - 2009

We study an imitation game of strategic complementarities between the percentage of high-skilled workers and innovative …

Persistent link: https://www.econbiz.de/10005704497

Unique Equilibrium in a Dynamic Model of Speculative Attacks

Daniëls, Tijmen - In: De Economist 157 (2009) 4, pp. 417-439

Persistent link: https://www.econbiz.de/10008583330

Reset Price Inflation and the Impact of Monetary Policy Shocks

Bils, Mark; Klenow, Pete; Malin, Benjamin - Stanford Institute for Economic Policy Research … - 2009

meaningful real effects are time-dependent pricing and strategic complementarities. These mechanisms have telltale implications … persistence and stability of reset price inflation. This discrepancy is exacerbated by adding strategic complementarities, even … under state-dependent pricing. A state-dependent model with no strategic complementarities aligns most closely with the data. …

Persistent link: https://www.econbiz.de/10009141779

Playing Multiple Complementarity Games Simultaneously

Matsuyama, Kiminori - 1999

This paper analyzes the situation, in which a continuum of identical players is engaged in more than one activity and each activity is characterized by a complementarity game. The player's intensity levels across different activities are linked in such a way that the marginal cost of increasing...

Persistent link: https://www.econbiz.de/10012236052

Playing Multiple Complementarity Games Simultaneously

Matsuyama, Kiminori - Center for Mathematical Studies in Economics and … - 1999

Persistent link: https://www.econbiz.de/10005588333

Social Comparisons as a device for cooperation in simultaneous-move games

Munoz-Garcia, Felix - School of Economic Sciences, Washington State University - 2008

This paper analyzes the effects of players' relative comparisons in complete information simultaneous-move games. In particular, every individual is assumed to evaluate the kindness she infers from other players'choices by comparing these choices with respect to a given refer- ence level....

Persistent link: https://www.econbiz.de/10005727836

Knowing What Others Know: Coordination Motives in Information Acquisition

Hellwig, Christian; Veldkamp, Laura - C.E.P.R. Discussion Papers - 2007

We explore how optimal information choices change the predictions of strategic models. When a large number of agents play a game with strategic complementarity, information choices exhibit complementarity as well: If an agent wants to do what others do, they want to know what others know. This...

Persistent link: https://www.econbiz.de/10005067365