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In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We assume that a firm obtains a certain cost advantage that allows it to produce goods at a lower unit cost. We show that if the level of the cost advantage is "moderate", then...
Persistent link: https://www.econbiz.de/10012432603
Given a fixed network that links various actors, we introduce a formal model that describes the structural stability of … formulated three assumptions that may be used to characterize the stability of this partition. We paid particular attention to …) illustrate the verification of the stability of a coalition, (2) provide existence results of stable coalitions, and (3) set the …
Persistent link: https://www.econbiz.de/10013172381
I develop two related solution concepts, equilibrium coalitional behavior and credible equilibrium coalitional behavior, which capture foresight and impose the requirement that each coalition in a sequence of coalitional moves chooses optimally among all its available options. The model does not...
Persistent link: https://www.econbiz.de/10012308618
respect to stability and accuracy. Taking a causal graphical view, we use a flexible graphical representation to express …. The hierarchy provides a common theoretical underpinning for understanding when and how stability to shifts can be …
Persistent link: https://www.econbiz.de/10014610921
orientation, stability, and asset quality by analyzing a large sample of banks from 60 countries around the world. Our findings …
Persistent link: https://www.econbiz.de/10014383378
This paper develops a framework for studying repeated matching markets. The model departs from the Gale–Shapley matching model by having a fixed set of long-lived players (firms) match with a new generation of short-lived players (workers) in every period. I define history-dependent and...
Persistent link: https://www.econbiz.de/10014440097
the urgent need for policymakers to customize financial stability measures, particularly in managing liquidity levels and … regulatory strategies can utilize economic policy uncertainty to promote prudent banking practices, fostering stability in an …
Persistent link: https://www.econbiz.de/10015193379
development of economic and social policies for sustainable economic growth and social stability. …
Persistent link: https://www.econbiz.de/10015206989
Two-thirds of people in the Lao People's Democratic Republic live in rural areas, yet agriculture contributes less than one-fifth of gross domestic product. As such, farm incomes remain low and many lack access to safe and nutritious food sufficient to meet dietary needs and risk falling into...
Persistent link: https://www.econbiz.de/10015211675
The literature is unsettled on the simultaneous existence of Competition-Stability and Competition-Fragility phenomena … with 2-SLS system equation modeling to further explore linkages between competition, systemic risk, and stability … economic down-cycle. The article finds that while a healthy competition would support the overall stability of banks, a fierce …
Persistent link: https://www.econbiz.de/10014500859