Search Results - subject:"equilibrium solution"

Pricing decisions and fairness concerns : supply chain power structures

Han, Bing; Chi, Tianze; Hu, Fangjie; Wang, Mengjun - In: Management decision 63 (2025) 7, pp. 2105-2124

Persistent link: https://www.econbiz.de/10015441575

A refinement of logit quantal response equilibrium

Blavatskyy, Pavlo - In: International game theory review 20 (2018) 2, pp. 1-14

Persistent link: https://www.econbiz.de/10011879476

Financial innovation, the Discovery of Risk, and the U.S. Credit Crisis

Mendoza, Enrique G.; Boz, Emine - International Monetary Fund (IMF) - 2010

Uncertainty about the riskiness of new financial products was an important factor behind the U.S. credit crisis. We show that a boom-bust cycle in debt, asset prices and consumption characterizes the equilibrium dynamics of a model with a collateral constraint in which agents learn "by...

Persistent link: https://www.econbiz.de/10008560424

Stackelberg solutions of feedback type for differential games with random initial data

Bressan, Alberto; Wei, Deling - In: Dynamic games and applications : DGA 3 (2013) 3, pp. 341-358

Persistent link: https://www.econbiz.de/10010188167

Information security investment when hackers disseminate knowledge

Gao, Xing; Zhong, Weijun; Mei, Shue - In: Decision analysis : a journal of the Institute for … 10 (2013) 4, pp. 352-368

Persistent link: https://www.econbiz.de/10010247748

Broad Money Demand and Asset Substitution in China

Wu, Ge - International Monetary Fund (IMF) - 2009

Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these...

Persistent link: https://www.econbiz.de/10008528622

Sudden Stops and Optimal Self-Insurance

Kim, Jun Il - International Monetary Fund (IMF) - 2008

This paper presents a simple model of optimal reserves that can be easily calibrated to compute optimal reserves as well as the implied probability of a sudden stop for given reserves. The model builds upon the global games framework of Morris and Shin to establish a unique relationship between...

Persistent link: https://www.econbiz.de/10010790274

Unconditional IMF Financial Support and Investor Moral Hazard

Kim, Jun Il - International Monetary Fund (IMF) - 2007

This paper develops a simple model of international lending, and calibrates it to assess quantitatively the effects of contingent IMF financial support on the risk premiums and the crisis probability. In the model, the country borrows in both short and long term; market (coordination) failure...

Persistent link: https://www.econbiz.de/10005769261

Solving for Country Portfolios in Open Economy Macro Models

Devereux, Michael B.; Sutherland, Alan - International Monetary Fund (IMF) - 2007

This paper presents a general approximation method for characterizing time-varying equilibrium portfolios in a two-country dynamic general equilibrium model. the method can be easily adapted to most dynamic general equilibrium models, it applies to environments in which markets are complete or...

Persistent link: https://www.econbiz.de/10005826170

Stackelberg Solutions of Feedback Type for Differential Games with Random Initial Data

Bressan, Alberto; Wei, Deling - In: Dynamic Games and Applications 3 (2013) 3, pp. 341-358

</Subscript>(t,x). The first main result provides the existence of a Stackelberg equilibrium solution, assuming that the family of … where the minimal cost for the leading player corresponds to an impulsive dynamics. In this case, a Stackelberg equilibrium … solution does not exist, but a minimizing sequence of strategies can be described. Copyright Springer Science+Business Media …

Persistent link: https://www.econbiz.de/10011001897