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This study explores mechanism design for networks of interpersonal relationships. Agents' social (i.e., altruistic or …
Persistent link: https://www.econbiz.de/10012061117
. Two well-known network structures are hierarchies and communication networks. We give an overview of the most common … models of communication and hierarchy restrictions in cooperative games, compare different network structures with each other … illustrate these network structures by applying them to cooperative games with restricted cooperation. …
Persistent link: https://www.econbiz.de/10012434059
This paper generalizes the standard transfer pricing concept of implicit support flowing from a parent company to its subsidiary. The first extension is to assume that implicit support might be ve or -ve for the recipient. The second is to consider the possibility of implicit support flowing...
Persistent link: https://www.econbiz.de/10013006643
We consider the problem of valuing inputs in a production environment in which input supply is uncertain. Inputs can be workers in a firm, risk factors for a disease, securities in a financial market, or nodes in a networked economy. Each input takes its values from a finite set, and uncertainty...
Persistent link: https://www.econbiz.de/10012980207
This paper considers 3 interlinked classes of adjustment for improving accuracy when benchmarking intra-group corporate loan rates against external fair market comparators.The first class of adjustment is for “generalized implicit support”, i.e. calibrating the price of risk reduction (or...
Persistent link: https://www.econbiz.de/10013047548
We study the stability of social and economic networks when players are farsighted. In particular, we examine whether … the networks formed by farsighted players are different from those formed by myopic players. We adopt Herings, Mauleon and … Vannetelbosch's (Games and Economic Behavior, forthcoming) notion of pairwise farsightedly stable set. We first investigate in some …
Persistent link: https://www.econbiz.de/10008811032
networks. We provide a refinement of pairwise stability, p-pairwise stability, which allows us to characterize the … stochastically stable networks without requiring the "tree construction" and the computation of resistance that may be quite complex … solve the inexistence problem of p-pairwise stable networks, we define its set-valued extension with the notion of p …
Persistent link: https://www.econbiz.de/10014059636
networks. We provide a refinement of pairwise stability, p-pairwise stability, which allows us to characterize the … stochastically stable networks without requiring the tree construction and the computation of resistance that may be quite complex … solve the inexistence problem of p-pairwise stable networks, we define its set-valued extension with the notion of p …
Persistent link: https://www.econbiz.de/10014065773
We consider an economy with two agents, "firm" and "worker." The firm owns a technology which transforms a single input into a single output and the worker owns a limited amount of input good, for example, leisure. The firm is interested in profit measured in terms of output and the worker's...
Persistent link: https://www.econbiz.de/10014156677
We investigate the situation where a customer experiencing an inventory stockout at a retailer potentially leaves the firm's market. In classical inventory theory, a unit stockout penalty cost has been used as a surrogate to mimic the economic effect of such a departure; in this study, we...
Persistent link: https://www.econbiz.de/10013010779