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Game theory is the pocket knife of conflict modelling: it has tools, models for practically all strategic conflicts, be that two- or multiplayer, complete or incomplete information and so on. In this study we have collected relevant tools for young lawyers. Since this is an introductory text we...
Persistent link: https://www.econbiz.de/10012016420
homogeneous banking system (banks with identical preferences and the same size of total assets) with interconnectedness: banks own … shares in each others' assets. Using these simplifications we derive an analytically tractable indicator for systemic risk … volatility of the assets and decreasing the level of equity both raises systemic risk. Furthermore, interconnectedness in the …
Persistent link: https://www.econbiz.de/10010481795
The traditional voting games are special transferable utility cooperative games, so-called simple games, where the players are the parties and the value of a coalition may be 1 or 0 depending on the ability of the coalition to pass a motion or not. In this paper we introduce general weighted...
Persistent link: https://www.econbiz.de/10008668694