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arguments generating uniqueness in games with strategic complementarities by introducing heterogeneity in these different … settings. We also report on the relation between local and global heterogeneity, on the role of strategic multipliers and on …
Persistent link: https://www.econbiz.de/10005762837
, we find an important new role for heterogeneity over time and across economies in the transitional dynamics of economic …
Persistent link: https://www.econbiz.de/10005463918
heterogeneity in preferences. Our strategy exploits market environments where there is a choice-consumption mismatch. We first …
Persistent link: https://www.econbiz.de/10010895639
, either through the trust fund or via private accounts. The analysis depends critically on heterogeneity in saving, in …
Persistent link: https://www.econbiz.de/10005093924
demand heterogeneity tend to stabilize market expenditures. In a partial equilibrium context, sufficient demand heterogeneity …
Persistent link: https://www.econbiz.de/10005093932
Some extensions of neoclassical growth models are discussed that allow for cross section heterogeneity among economies …
Persistent link: https://www.econbiz.de/10005593341
unknown nonparametric time-varying function generating heterogeneity. An important special case involves structural change in …
Persistent link: https://www.econbiz.de/10005593399
unknown nonparametric time-varying function generating heterogeneity. An important special case involves structural change in …
Persistent link: https://www.econbiz.de/10005593627
Reduced rank regression (RRR) models with time varying heterogeneity are considered. Standard information criteria for …
Persistent link: https://www.econbiz.de/10005196029
We consider truthful implementation of the socially efficient allocation in a dynamic private value environment in which agents receive private information over time. We propose a suitable generalization of the Vickrey-Clarke-Groves mechanism, based on the marginal contribution of each agent. In...
Persistent link: https://www.econbiz.de/10005463896