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provision through banks and markets. Then I turn to liquidity provision on the asset side of banks' balance sheets and conclude …
Persistent link: https://www.econbiz.de/10005650131
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prices as being partially determined in international markets, and we use data on trends in the international economy as … instruments for U.S. prices. We find that relative factor supply and relative price changes are both important in explaining the … competitive general equilibrium where goods prices, technology and factor supplies jointly determine outputs and factor prices. We …
Persistent link: https://www.econbiz.de/10005420516
not hopeful. The document, written by biologists and other activists entirely innocent of economics, has a good deal of …
Persistent link: https://www.econbiz.de/10005641607
In this paper we present a new iterative auction, the bisection auction, that can be used for the sale of a single indivisable object. We will show that the bisection auction is computationally more efficient than the classical English auction while it still preserves all characteristics the...
Persistent link: https://www.econbiz.de/10005795851
In general equilibrium models of financial markets, the cpital asset pricing formula does not hold when agents have von …
Persistent link: https://www.econbiz.de/10005304915
There is a growing body of research in economics that studies the consequences of time-inconsistent preferences. This …
Persistent link: https://www.econbiz.de/10005304932
In this paper an algorithm is presented to compute all Nash equilibria for games in normal form on the only premises that the number of Nash equilibria is finite. The algorithm relies on decomposing the game by means of support-sets. For each support-set, the set of totally mixed equilibria of...
Persistent link: https://www.econbiz.de/10005209954
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