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Commitment and Matching Contributions to Public Goods
Boadway, Robin; Song, Zhen; Tremblay, Jean-Francois - 2006
This paper studies multi-stage processes of non-cooperative voluntary provision of public goods. In the first stage, one or more players announce contributions that may be conditional on the subsequent contributions of others. In later stages, players choose their own contributions and fulfill...
Persistent link: https://www.econbiz.de/10011940685
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Commitment and Matching Contributions to Public Goods
Boadway, Robin; Song, Zhen; Tremblay, Jean-Francois - Economics Department, Queen's University - 2006
This paper studies multi-stage processes of non-cooperative voluntary provision of public goods. In the first stage, one or more players announce contributions that may be conditional on the subsequent contributions of others. In later stages, players choose their own contributions and fulfill...
Persistent link: https://www.econbiz.de/10005490233
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Adaptive learning and monetary policy design
Evans, George W.; Honkapohja, Seppo - 2002
stability under private agent learning.Appropriately designed expectations based rules can yield optimal rational expectations …
Persistent link: https://www.econbiz.de/10012147864
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Robust learning stability with operational monetary policy rules
Evans, George W.; Honkapohja, Seppo - 2007
We consider the robust stability of a rational expectations equilibrium, which we define as stability under discounted … exhibit robust stability. We consider a variety of interest-rate rules, including instrument rules, optimal reaction functions … Honkapohja (2003, 2006) deliver robust learning stability. In contrast, many proposed alternatives become unstable under learning …
Persistent link: https://www.econbiz.de/10012148020
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Adaptive learning and monetary policy design
Evans, George W.; Honkapohja, Seppo - Suomen Pankki - 2002
stability under private agent learning. Appropriately designed expectations based rules can yield optimal rational expectations …
Persistent link: https://www.econbiz.de/10005648862
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Robust learning stability with operational monetary policy rules
Evans, George W; Honkapohja, Seppo - Suomen Pankki - 2007
We consider the robust stability of a rational expectations equilibrium, which we define as stability under discounted … exhibit robust stability. We consider a variety of interest-rate rules, including instrument rules, optimal reaction functions … Honkapohja (2003, 2006) deliver robust learning stability. In contrast, many proposed alternatives become unstable under learning …
Persistent link: https://www.econbiz.de/10005648984
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Adaptive learning and monetary policy design
Evans, George W.; Honkapohja, Seppo - EconWPA - 2004
stability under private agent learning. Appropriately designed expectations based rules can yield optimal rational expectations …
Persistent link: https://www.econbiz.de/10005561354
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Adaptive Learning and Monetary Policy Design
Evans, George W.; Honkapohja, Seppo - C.E.P.R. Discussion Papers - 2003
stability under learning. Appropriately designed expectations-based rules can yield optimal rational expectations equilibria …
Persistent link: https://www.econbiz.de/10005791392
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Efficiency, stability, and commitment in senior level job matching markets
Sun, Ning; Yang, Zaifu - 2018
Persistent link: https://www.econbiz.de/10011947717
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Bilateral Commitment
Haeringer, Guillaume; Renou, Ludovic; Bade, Sophie - School of Economics, University of Adelaide - 2006
We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of...
Persistent link: https://www.econbiz.de/10005464127