Showing 1 - 10 of 337
We study the stability of social and economic networks when players are farsighted. In particular, we examine whether …
Persistent link: https://www.econbiz.de/10010279419
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/10013200173
We analyze the structure of a society driven by power relations. Our model has an exogenous power relation over the set of coalitions of agents. Agents determine the social order by forming coalitions. The power relations determine the ranking of agents in society for any social order. We study...
Persistent link: https://www.econbiz.de/10011599413
We study the stability of social and economic networks when players are farsighted. We first provide an algorithm that …
Persistent link: https://www.econbiz.de/10010369402
By constructing a unique international database on generalized trust covering 142 countries worldwide for the 41 years from 1980 to 2020, this paper finds a pronounced intertemporal variation of generalized trust over time in a majority of countries across the globe. 3 When analyzing the time...
Persistent link: https://www.econbiz.de/10015271878
In this paper we analyze equilibrium determinacy in a sticky price model in which the pass-through from policy rates to retail interest rates is sluggish and potentially incomplete. In addition, we empirically characterize and compare the interest rate pass-through process in the euro area and...
Persistent link: https://www.econbiz.de/10013370035
We study rotation programs within the standard implementation framework under complete information. A rotation program is a myopic stable set whose states are arranged circularly, and agents can effectively move only between two consecutive states. We provide characterizing conditions for the...
Persistent link: https://www.econbiz.de/10013394373
In this paper, we show that a concept of aggregation can hold in large network games with linear best replies. Breaking up large networks into smaller subnetworks, which can be replaced by representative players, leads to a coarse-grained description of strategic interactions. This method of...
Persistent link: https://www.econbiz.de/10013396062
We explore the possibility of designing matching mechanisms that can accommodate non-standard choice behavior. We pin down the necessary and sufficient conditions on participants' choice behavior for the existence of stable and incentive compatible mechanisms. Our results imply that...
Persistent link: https://www.econbiz.de/10013464276
, cost structure, credit quality, and stability. It also examines the difference in the response of two types of banks during … outperformed conventional banks with regard to their credit quality and stability indicators during the trough phase of the …
Persistent link: https://www.econbiz.de/10013470731