Search Results - subject:"Strategic complementarities"

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

Fecht, Falko; Wedow, Michael - In: Journal of Financial Intermediation 23 (2014) 3, pp. 376-399

. However, strategic complementarities accelerated the withdrawals during the crisis suggesting that pure panic behavior …

Persistent link: https://www.econbiz.de/10010906755

Network games under strategic complementarities

Belhay, Mohamed; Bramoullé, Yann; Deroïan, Frédéric - In: Games and economic behavior 88 (2014), pp. 310-319

Persistent link: https://www.econbiz.de/10011292569

Price stickiness in Ss models: new interpretations of old results

Caballero, Ricardo J.; Engel, Eduardo M. R. A. - 2007

What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary shocks? The answer to this question ranges from a one-to-one-link (Calvo, 1983) to no connection whatsoever (Caplin and Spulber, 1987). The purpose of this paper is to...

Persistent link: https://www.econbiz.de/10010264858

Expectational coordination in a class of economic models: Strategic substitutabilities versus strategic complementarities

Guesnerie, Roger; Jara-Moroni, Pedro - HAL - 2007

in general contexts of expectational coordination (see Evans and Guesnerie, 2005). Then, as in the case of strategic … complementarities the study of some best response mapping is a key to the analysis, in the case of unambiguous strategic …

Persistent link: https://www.econbiz.de/10010738797

Price Stickiness in Ss Models: New Interpretations of Old Results

Caballero, Ricardo J.; Engel, Eduardo M.R.A. - Cowles Foundation for Research in Economics, Yale University - 2007

What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary shocks? The answer to this question ranges from a one-to-one link (Calvo, 1983) to no connection whatsoever (Caplin and Spulber, 1987). The purpose of this paper is to...

Persistent link: https://www.econbiz.de/10005087394

Games of strategic complementarities: An application to bayesian games

Vives, Xavier - IESE Business School, Universidad de Navarra - 2007

Games of strategic complementarities are those in which any player increases his action in response to an increase in … the level of actions of rivals. This paper provides an introduction to the theory of games of strategic complementarities …

Persistent link: https://www.econbiz.de/10005030194

Price Stickiness in Ss Models: New Interpretations of Old Results

Caballero, Ricardo J.; Engel, Eduardo M.R.A. - Economic Growth Center, Economics Department - 2007

What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary' shocks? The answer to this question ranges from a one-to-one link (Calvo, 1983) to no connection whatsoever (Caplin and Spulber, 1987). The purpose of this paper is to...

Persistent link: https://www.econbiz.de/10005357742

How Well Does a Small Structural Model with Sticky Prices and Wages Fit Postwar U.S. Data?

Matheron, J.; Poilly, C. - Banque de France - 2006

In this paper, we ask whether a small structural model with sticky prices and wages, embedding various modelling devices designed to increase the degree of strategic complementarity between price-setters, can fit postwar US data. To answer this question, we resort to a two-step empirical...

Persistent link: https://www.econbiz.de/10004998832

Trade Integration, Competiton, and the Decline in Exchange-rate Pass-through

Gust, Christopher; Leduc, Sylvain; Vigfusson, Robert - Society for Economic Dynamics - SED - 2006

Over the past twenty years, U.S. import prices have become less responsive to the exchange rate. We propose that this decline is a result of increased trade integration. To illustrate this effect, we develop an open economy DGE model in which there is strategic complementarity in price setting...

Persistent link: https://www.econbiz.de/10005069292

Strategic Complementarities and Search Market Equilibrium

Rauh, Michael T. - Department of Business Economics and Public Policy, … - 2006

identify necessary and sufficient conditions for strategic complementarities and prove existence of search market equilibrium … small near zero and support strategic complementarities. Price dispersion is therefore inherently incompatible with … strategic complementarities. Finally, we show that a major criticism of the literature, that agents act as if they know the …

Persistent link: https://www.econbiz.de/10005795892