Search Results - subject:"complementarities"

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 … complementarities. I show here that the proof is flawed and convergence remains an open question. …

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

Merger failures

Banal-Estañol, Albert; Seldeslachts, Jo - Department of Economics and Business, Universitat … - 2009

This paper proposes an explanation as to why some mergers fail, based on the interaction between the pre- and post-merger processes. We argue that failure may stem from informational asymmetries arising from the pre-merger period, and problems of cooperation and coordination within recently...

Persistent link: https://www.econbiz.de/10008550020

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 … load fee this is in line with recent theory arguing that complementarities are mitigated by the involvement of large … institutional investors who can at least partially correct for the coordination failure resulting from complementarities. …

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

Complementarity of Innovation Policies in the Brazilian Industry: An Econometric Study

Strube, Eduardo; Resende, Marcelo - CESifo - 2009

The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry … strong evidence of complementarities in obstacles when considering the intensity of innovation. In the latter case, therefore …

Persistent link: https://www.econbiz.de/10008534024

Unemployment and Finance: How Do Financial and Labour Market Factors Interact?

Gatti, Donatella; Vaubourg, Anne-Gaël - Institute for the Study of Labor (IZA) - 2009

of labour regulation. JEL Classification: E24, J23, P17 Keywords: unemployment, institutional complementarities …

Persistent link: https://www.econbiz.de/10005703280

Coordination Frictions and The Financial Crisis

Gautier, Pieter A. - Tinbergen Institute - 2009

In this note I argue that the desirability of fiscal policy in response to the current crisis depends on whether one views the current crisis as a temporary deviation from a unique equilibrium or as a bad equilibrium out of multiple equilibria. The paper presents a simple Diamond (1982) type of...

Persistent link: https://www.econbiz.de/10005209434

Unemployment and Finance: How do Financial and Labour Market Factors Interact?

Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gael - CESifo - 2009

Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...

Persistent link: https://www.econbiz.de/10008596580

The antecedents and innovation consequences of organizational search: empirical evidence for Spain

Lucena, Abel - Xarxa de Referència en Economia Aplicada (XREAP) - 2009

performance consequences when applying these models, and compares their capacity to produce complementarities. Additionally, since …

Persistent link: https://www.econbiz.de/10008671608

Unemployment, institutions and reform complementarities: Re-assessing the aggregate evidence for OECD countries

Bassanini, Andrea; Duval, Romain - HAL - 2009

complementarities. …

Persistent link: https://www.econbiz.de/10008790588