Search Results - subject:"multiple equilibria."

Fear of disruption: a model of Markov-switching regimes for the Brazilian country risk conditional volatility

Une, Maurício Yoshinori; Portugal, Marcelo Savino - EconWPA - 2005

multiple equilibria and self-fulfilling prophecies, one of the reasons why investors prefer to speculate in a determined …

Persistent link: https://www.econbiz.de/10005556329

Oppositional Identities and the Labour Market

Battu, Harminder; Mwale, MacDonald; Zenou, Yves - C.E.P.R. Discussion Papers - 2005

We develop a model in which non-white individuals are defined with respect to their social environment (family, friends, neighbours) and their attachments to their culture of origin (religion, language), and in which jobs are mainly found through social networks. We find that, depending on how...

Persistent link: https://www.econbiz.de/10005792206

Oppositional Identities and the Labor Market

Battu, Harminder; Mwale, McDonald; Zenou, Yves - Institute for the Study of Labor (IZA) - 2005

We develop a model in which non-white individuals are defined with respect to their social environment (family, friends, neighbors) and their attachments to their culture of origin (religion, language), and in which jobs are mainly found through social networks. We find that, depending on how...

Persistent link: https://www.econbiz.de/10005822772

Career Choice, Marriage-Timing,and the Attraction of Unequals

Dessy, Sylvain; Djebbari, Habiba - Institute for the Study of Labor (IZA) - 2005

Both men and women wish to have a family and a rewarding career. In this paper, we show that the under-representation of women in high-powered professions may reflect a coordination failure in young women’s marriage-timing decisions. Since investing in a highpowered career imposes time strain,...

Persistent link: https://www.econbiz.de/10005703800

A Genetic Algorithm for the Structural Estimation of Games with Multiple Equilibria

Aguirregabiria, Victor; Mira, Pedro - EconWPA - 2005

multiple equilibria. The method combines a genetic algorithm (GA) with a pseudo maximum likelihood (PML) procedure. The GA …

Persistent link: https://www.econbiz.de/10005119090

A Genetic Algorithm for the Structural Estimation of Games with Multiple Equilibria

AGUIRREGABIRIA, VICTOR; MIRA, PEDRO - Department of Economics, Boston University - 2005

multiple equilibria. The method combines a genetic algorithm (GA) with a pseudo maximum likelihood (PML) procedure. The GA …

Persistent link: https://www.econbiz.de/10005136804

The Design of Monetary and Fiscal Policy: A Global Perspective

Eusepi, Stefano; Benhabib, Jess - Society for Computational Economics - SCE - 2005

We study the the emergence of multiple equilibria in models with capital and bonds under various monetary and fiscal … models with bonds and distortionary taxation. We then explore the design of monetary policies that avoid multiple equilibria … inefficiencies, may be effective in preventing multiple equilibria and costly oscillatory equilibrium dynamics …

Persistent link: https://www.econbiz.de/10005343016

Cultural Transmission and Discrimination

Saez-Marti, Maria; Zenou, Yves - Institute for the Study of Labor (IZA) - 2005

Each worker belongs to either the majority or the minority group and, irrespective of the group she belongs to, can have good or bad work habits. These traits are transmitted from one generation to the next through a learning and imitation process which depends on parents' purposeful investment...

Persistent link: https://www.econbiz.de/10005566393

Essays on the econometrics of social interactions

Graham, Bryan S. - 2005

Persistent link: https://www.econbiz.de/10003384496

Equilibrium Selections

ALLEN, Beth; DUTTA, Jayasri; POLEMARCHAKIS, Heracles - Center for Operations Research and Econometrics (CORE), … - 1994

This paper analyses the impact of multiple competitive equilibria and complete markets in a simple general equilibrium model. A random selection from the equilibrium correspondence of a finite exchange economy defines probability distributions on equilibrium prices. Asset markets allow traders...

Persistent link: https://www.econbiz.de/10005065334