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An active-contracting perspective on equilibrium selection in relational contracts

Miller, David A.; Watson, Joel - In: Journal of institutional and theoretical economics : JITE 179 (2023) 3/4, pp. 530-561

Persistent link: https://www.econbiz.de/10014487032

Equilibrium Lending Mechanism and Aggregate Activity

Wang, Cheng; Zhou, Ruilin - 2001

optimal lending mechanism. Instead of imposing a particular lending contract form exogenously, we solve for the optimal … contract between a borrower and a lender designed to circumvent adverse-selection and moral-hazard problems in the model … among credit market tightness, equilibrium financing mechanism and aggregate economic activity. On the optimal contract, the …

Persistent link: https://www.econbiz.de/10014138682

Equilibrium lending mechanism and aggregate activity

Wang, Cheng; Zhou, Ruilin - In: International economic review 51 (2010) 3, pp. 631-651

Persistent link: https://www.econbiz.de/10008771287

Equilibrium Flows : Bipartite Contracts in Decentralized Markets

Vernet, Lucas - 2017

overnight interbank loan market with counterparty risk and collateralization costs …

Persistent link: https://www.econbiz.de/10012962095

Ozdogan, Ayca; Sağlam, İsmail - In: Mathematical social sciences 114 (2021), pp. 98-104

Persistent link: https://www.econbiz.de/10013268070

Private sunspots in games of coordinated attack

Mitkov, Yuliyan - 2024

I endogenize the probability of self-fulfilling outcomes in a game where the only uncertainty comes from extrinsic sunspots. There is a group of players wishing to coordinate on the same action and another player, the regime defender, whose action affects the payoff from coordination. The...

Persistent link: https://www.econbiz.de/10014520855

Evolution with Changing Mutation Rates

Robles, Jack - 2010

This article considers the robustness of long run equilibria when mutation rates are not assumed to be constant over time. Particular attention is paid to the case where mutation rates decline to zero in the limit. It is found that if behaviour is ergodic, then it corresponds to the long run...

Persistent link: https://www.econbiz.de/10014198625

Strong Equilibria in Claim Games Corresponding to Convex Games

Meca-Martinez, Ana; Sánchez Soriano, J.; García-Jurado, I. - 1998

This paper deals with a specific aspect of the problem of coalition formation in a situation described by a TU-game. First, we define a very simple normal form game which models the process of coalition formation. To define the payoff functions of the players we use an allocation rule for...

Persistent link: https://www.econbiz.de/10014215918

Neyman, Abraham - 1998

Any correlated equilibrium of a strategic game with bounded payoffs and convex strategy sets which has a smooth concave potential, is a mixture of pure strategy profiles which maximize the potential. If moreover, the strategy sets are compact and the potential is strictly concave, then the game...

Persistent link: https://www.econbiz.de/10014221135

Contemporaneous Perfect Epison Equilibria

Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - 2002

We examine contemporaneous perfect equilibria, in which a player's actions after every history, evaluated at the point of deviation from the equilibrium, must be within of a best response. This concept implies, but is not implied by Radner's ex ante perfect equilibrium. A strategy profile is a...

Persistent link: https://www.econbiz.de/10014118720