Search Results - subject:"Strategic complementarities"

The Evolutionary Processes for the Populations of Firms and Workers

Gamba, Elvio Accinelli; Carrera, Edgar J. Sánchez - In: Ensayos Revista de Economia XXIX (2010) 1, pp. 39-68

This paper analyzes the cultural evolution of firms and workers. Following an imitation rule, each firm and worker decides whether to be innovative (or not) and skilled (or unskilled). We apply evolutionary game theory to find the system of replicator dynamics, and characterize the low-level and...

Persistent link: https://www.econbiz.de/10008691738

Supermodular mechanism design

Mathevet, Laurent A. - In: Theoretical economics : TE ; an open access journal in … 5 (2010) 3, pp. 403-443

.e. mechanisms that induce games with strategic complementarities. In quasilinear environments, I prove that if a social choice … function can be implemented by a mechanism that generates bounded strategic substitutes - as opposed to strategic … complementarities - then this mechanism can be converted into a supermodular mechanism that implements the social choice function. If …

Persistent link: https://www.econbiz.de/10011695244

The dark and the bright side of liquidity risks: evidence from open-end real estate funds in Germany

Fecht, Falko; Wedow, Michael - 2009

. During the crisis, however, they do not play a role. During the panic only strategic complementarities drive withdrawals …

Persistent link: https://www.econbiz.de/10010299258

Collective moral hazard, maturity mismatch and systemic bailouts

Tirole, Jean; Farhi, Emmanuel - 2009

The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the …

Persistent link: https://www.econbiz.de/10010279390

Expectational coordination in simple economic contexts: concepts and analysis with emphasis on strategic substitutabilities.

Guesnerie, Roger; Jara-Moroni, Pedro - HAL - 2009

strategic complementarities, we find unsurprisingly that all the eductive criteria under scrutiny support rather similar … conclusions, only when there are local strategic complementarities or strategic substitutabilities. However, so far as the …

Persistent link: https://www.econbiz.de/10010739080

Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts

Tirole, Jean; Farhi, Emmanuel - Fondazione ENI Enrico Mattei (FEEM) - 2009

The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the …

Persistent link: https://www.econbiz.de/10005008034

The convergence of fictitious play in games with strategic complementarities: A Comment

Berger, Ulrich - Volkswirtschaftliche Fakultät, … - 2009

complementarities. Economics Letters 99, 2, 304-306] claims to prove convergence of fictitious play in games with strategic …In a recent article, Hahn [Hahn, S. (2008). The convergence of fictitious play in games with strategic … complementarities. I show here that the proof is flawed and convergence remains an open question. …

Persistent link: https://www.econbiz.de/10008545972

Strategic complementarities and nested potential games

UNO, Hiroshi - Center for Operations Research and Econometrics (CORE), … - 2009

This note shows that every finite game of strategic complementarities is a nested pseudo-potential game defined in Uno …

Persistent link: https://www.econbiz.de/10008550236

The dark and the bright side of liquidity risks: evidence from open-end real estate funds in Germany

Fecht, Falko; Wedow, Michael - Deutsche Bundesbank - 2009

. During the crisis, however, they do not play a role. During the panic only strategic complementarities drive withdrawals …

Persistent link: https://www.econbiz.de/10008533497

Buying First or Selling First in Housing Markets

Moen, Espen R; Nenov, Plamen T.; Sniekers, Florian - C.E.P.R. Discussion Papers - 2015

Housing transactions by owner-occupiers take two steps, purchase of a new property and sale of the old housing unit. This paper shows how the transaction sequence decision of owner-occupiers depends on, and in turn, affects housing market conditions in an equilibrium search-and-matching model of...

Persistent link: https://www.econbiz.de/10011145449