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Bribery and Threat
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2013
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its … applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions … interdependent (strategic communication). Schelling's originality is to extend economic theory to social sciences. When a player can …
Persistent link: https://www.econbiz.de/10011111447
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Game theory on strategic communication: an approach from Thomas S. Schelling
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its … applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions … interdependent (strategic communication). Schelling's originality is to extend economic theory to social sciences. When a player can …
Persistent link: https://www.econbiz.de/10008541485
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Fragments on black swan: money, credit and finance in The Arcades Project of Walter Benjamin
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...
Persistent link: https://www.econbiz.de/10008622248
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A STRATEGIC ANALYSIS OF SPECULATIVE TRADE IN A TWO-SIDED ASSET MARKET WITH INFORMATION DIVERSITY
ROCKENBACH, BETTINA - In: International Game Theory Review (IGTR) 07 (2005) 02, pp. 151-170
The impossibility of speculative trade result (Milgrom and Stokey, 1982) provokes the questions why traders care about their private information, if they cannot profit from it and how the aggregate information can then be reflected in REE prices. This paper answers these questions by analyzing a...
Persistent link: https://www.econbiz.de/10005047543
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Theory of argumentation in financial markets
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
This paper aims to explore the relevance of the Theory of Argumentation TA in the complex area of financial reporting … prices. This paper is the first part and its purpose is to prepare from the Theory of Argumentation TA an application to the …
Persistent link: https://www.econbiz.de/10008547907
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Asymmetric information in the civil wars, the Colombian case
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
The aim of this paper is to interpret the relationships between information networks and the armed conflict in Colombia. Over a period of paramilitary violence networks of informants were used with a strategic purpose. In fact, the paramilitaries were preparing each slaughter counting...
Persistent link: https://www.econbiz.de/10009372512
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The El Farol Problem Revisited
Böhm, Volker - Institut für Mathematische Wirtschaftsforschung, … - 2015
The so-called El Farol problem describes a prototypical situation of interacting agents making binary choices to participate in a non-cooperative environment or to stay by themselves and choosing an outside option. In a much cited paper Arthur (1994) argues that persistent on-converging...
Persistent link: https://www.econbiz.de/10011191544
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Noisy signaling in monopoly
Mirman, Leonard J.; Salgueiro, Egas M.; Santugini, Marc - In: International Review of Economics & Finance 29 (2014) C, pp. 504-511
We study the informational role of prices in a stochastic environment. We provide a closed-form solution of the monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on output, market price, information flows, and expected...
Persistent link: https://www.econbiz.de/10010729770
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Strongly rational expectations equilibria with endogenous acquisition of information
Desgranges, Gabriel; Heinemann, Maik - Society for Computational Economics - SCE - 2004
This paper analyzes conditions for existence of a strongly rational expectations equilibrium (SREE) in models with private information, where the amount of private information is endogenously determined. It is shown that the conditions for existence of a SREE known from models with exogenously...
Persistent link: https://www.econbiz.de/10005345354
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Noisy Signaling in Monopoly
Mirman, Leonard J.; Salgueiro, Egas; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2011
We study the informational role of prices in a stochastic environment. We provide a closed-form solution of the monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on output, market price, information flows, and expected...
Persistent link: https://www.econbiz.de/10008876408