Showing 1 - 10 of 11,783
Persistent link: https://www.econbiz.de/10001338968
Persistent link: https://www.econbiz.de/10003363245
Persistent link: https://www.econbiz.de/10003370090
Macroeconomic dynamics are shaped by how individual incentives to spend and accumulate interact with the decisions of others. The goal of this paper is to identify--within a simple large-game-theoretic structure--which types of agent interactions favor which types of dynamic equilibrium...
Persistent link: https://www.econbiz.de/10014635624
We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among heterogeneous agents. Unique to our approach is that occupational choices, job matching and organizational forms are determined simultaneously, so that the opportunity costs of...
Persistent link: https://www.econbiz.de/10013120909
Persistent link: https://www.econbiz.de/10015144298
Persistent link: https://www.econbiz.de/10003813763
Persistent link: https://www.econbiz.de/10013197652
This paper considers lifetime employment contracts as a strategic commitment and discusses the respective equilibrium outcomes of the two cases of a price-setting game with substitute goods and a price-setting game with complementary goods. As a result, it is shown that in each case, the...
Persistent link: https://www.econbiz.de/10014056374
Persistent link: https://www.econbiz.de/10001509230