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Complementarity in Matching, Games, and Exchange Economies

Rostek, Marzena J. - 2020

We investigate the similarities and differences between matching markets and other canonical economic settings in the … presence of complementarity. In particular, we explain the formal connections between the structure of matching markets with … complementary contracts and games with strategic complements, and between matching markets and exchange economies with gross …

Persistent link: https://www.econbiz.de/10012837982

Money and Reciprocity

Vogt, Bodo; Hens, Thorsten - 2004

Based on an experimental analysis of a simple monetary economy we argue that a monetary system is more stable than one would expect from individual rationality. We show that positive reciprocity stabilizes the monetary system, provided every participant considers the feedbacks of his choice to...

Persistent link: https://www.econbiz.de/10014096359

Dominant strategy implementation in economic environments

Mizukami, Hideki (contributor); Wakayama, Takuma (contributor) - 2006

We study dominant strategy implementation especially in economic environments. We first showthat in general environments, strategy-proofness and quasi-strong-non-bossiness together are necessary and sufficient for dominant strategy implementation via the associated direct revelationmechanism. We...

Persistent link: https://www.econbiz.de/10003371461

Efficient wage bargaining in a dynamic macroeconomic model

Böhm, Volker; Claas, Oliver - 2012

This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union representing a finite number of identical workers in a monetary macroeconomic model of the AS--AD type with government activity. Wages and aggregate employment levels are set...

Persistent link: https://www.econbiz.de/10009514990

Debt covenant renegotiations and creditor control rights

Denis, David J.; Wang, Jing - In: Journal of financial economics 113 (2014) 3, pp. 348-367

Persistent link: https://www.econbiz.de/10010495124

Scope for renegotiation in private debt contracts

Nikolaev, Valeri V. - In: Journal of accounting & economics 65 (2018) 2/3, pp. 270-301

Persistent link: https://www.econbiz.de/10011864914

Cooperation and community responsibility

Deb, Joyee - In: Journal of political economy 128 (2020) 5, pp. 1976-2009

Persistent link: https://www.econbiz.de/10012417047

Institutions and Impersonal Exchange : The European Experience

Greif, Avner - 2005

This paper presents an institution - the Community Responsibility System (CRS) - which has been a missing link in our understanding of market development. The CRS fostered market expansion throughout pre-modern Europe by providing the contract enforcement required for impersonal exchange...

Persistent link: https://www.econbiz.de/10014071623

The reaction of the bank to the firm's policy in a transition economy : a dynamic game approach

Schütte, Tjark - In: Economic systems 21 (1997) 2, pp. 107-126

Persistent link: https://www.econbiz.de/10001221418

Capital requirements, monetary policy, and aggregate bank lending : theory and empirical evidence

Thakor, Anjan V. - In: The journal of finance : the journal of the American … 51 (1996) 1, pp. 279-324

Persistent link: https://www.econbiz.de/10001202209