This survey presents in a historical way the main contributions to the hardcore theory of aggregative games and the applications of this model to several fields of economics, other social sciences and engineering

The estimated persistence of macro aggregates involving lumpy microeconomic adjustment is biased downward when inferred from VAR estimates. The extent of this “missing persistence bias” decreases with the level of aggregation, yet convergence is very slow. Paradoxically, while idiosyncratic...

The breeze of deregulation in the managing an account frameworks cleared crosswise over different economies of the world amid the most recent three decades. These deregulatory approaches have been embraced with the sole target to expand efficiency and profitability dimension of banks. It is,...

This paper presents an (S,s) model for automobile consumption and estimates it using a data set of US households. The model allows for unobserved heterogeneity in both the target level and the band width, takes into account the possibility of a zero desired level, constrains the band to be non...

This paper explores the impact of incomplete markets and strong complementarities on the time series properties of aggregate activity. We consider an economy which consists of a large number of industries whose production functions both are nonconvex and exhibit localized technological...

In a world admitting a fixed finite set of alternatives, an opinion is an orderedpair of alternatives. Such a pair expresses the idea that one alternative is superior toanother in some sense, and an opinion aggregator assigns a social relation on the set ofalternatives to every possible multiset...