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Core-equivalence for the Nash bargaining solution

Trockel, Walter - 2003

Core equivalence and shrinking of the core results are well known for economies.The present paper establishes counterparts for bargaining economies, a specific class of production economies (finite and infinite) representing standard two-person bargaining games and their continuum counterparts...

Persistent link: https://www.econbiz.de/10009452471

Information and capital asset pricing

Li, Baibing; Yin, Xiangkang - 2011

Investors in a market frequently update their diverse perceptions of the values of risky assets, thus invalidating the classic capital asset pricing model's (CAPM) assumption of complete agreement among investors. To accommodate information asymmetry and belief updating, we have developed an...

Persistent link: https://www.econbiz.de/10009461350

The value of interest rate stabilization polices when agents are learning

Duffy, John; Xiao, Wei - 2004

We examine the expectational stability (E-stability) of rational expectations equilibrium under optimal interest rate rules in the context of the standard, "New Keynesian" model of the monetary transmission mechanism. We focus on the case where the monetary authority adds interest rate...

Persistent link: https://www.econbiz.de/10009468583

The value of interest rate stabilization polices when agents are learning

Duffy, John; Xiao, Wei - 2004

Persistent link: https://www.econbiz.de/10009451079

Implementierung effizienter Marktstrukturen bei asymmetrischen Informationen : die Rolle des Informationstransfers

Paust, Michael - 2010

Allokationsverfahren zur Vergabe von Zutrittslizenzen an Marktneulinge differieren hinsichtlich mehrerer Aspekte. Einer davon ist die Veröffentlichung der vom Regulierer im Lizenzvergabeverfahren gesammelten Informationen. Der Autor untersucht den Einfluss der Informationsweitergabe auf die...

Persistent link: https://www.econbiz.de/10009467401

Two Essays on the Role of Information in the Interaction between American Depository Receipts and Their Home Shares: Information Transfer and Issuer Decisions

Cheung, Oi Lin - 2008

American Depository Receipts (ADRs) represent shares of foreign firms that are issuedand traded in the U.S. Since an ADR and its underlying shares represent ownership interest ofthe same firm, they should be perfect substitutes in a perfect market. However, marketimperfections such as...

Persistent link: https://www.econbiz.de/10009468649

Complexity and Synchronization

Turalska, Malgorzata; Lukovic, Mirko; West, Bruce J.; … - 2009

In this article, the authors study a fully connected network (cluster) of interacting two-state units as a model of cooperative decision making. Each unit in isolation generates a Poisson process with rate g. The authors show that when the number of nodes is finite, the decision-making process...

Persistent link: https://www.econbiz.de/10009475057

Two Essays on the Role of Information in the Interaction between American Depository Receipts and Their Home Shares: Information Transfer and Issuer Decisions

Cheung, Oi Lin - 2008

American Depository Receipts (ADRs) represent shares of foreign firms that are issued and traded in the U.S. Since an ADR and its underlying shares represent ownership interest of the same firm, they should be perfect substitutes in a perfect market. However, market imperfections such as...

Persistent link: https://www.econbiz.de/10009451102

Conceptualizing and testing random indirect effects and moderated mediation in multilevel models: New procedures and recommendations

Bauer, D. J.; Preacher, K. J.; Gil, Karen M. - 2006

methods are further developed to address hypotheses of moderated mediation in the multilevel context. An example demonstrates …

Persistent link: https://www.econbiz.de/10009430919

SPSS and SAS procedures for estimating indirect effects in simple mediation models

Preacher, K. J.; Hayes, A. F. - 2004

Researchers often conduct mediation analysis in order to indirectly assess the effect of a proposed cause on some … outcome through a proposed mediator. The utility of mediation analysis stems from its ability to go beyond the merely … descriptive to a more functional understanding of the relationships among variables. A necessary component of mediation is a …

Persistent link: https://www.econbiz.de/10009430921