” equilibrium in the absence of a coordinated action to increase employment. Koopmans replied with a paper demonstrating that … contributed to a larger turn away from dynamizing the general equilibrium model, towards the new field of macrodynamics, with long …

stochastic general equilibrium models. The textbook by Heer and Maußner acquaints readers with the essential computational … computational tools to solve the dynamic general equilibrium models macroeconomists care about. It is therefore the perfect …

This note provides sufficient conditions for the existence of equilibrium in a class of extended Bayesian persuasion … informativeness, continuous in the interim belief and continuous and quasi-convex in the choice of the receiver, an equilibrium always … exists. We show that focus on sender’s preferred equilibrium (SPE) alone does not guarantee existence, and we provide an …

induce better actions become more prevalent. An equilibrium can resist mutations that lead agents to use a model that better … fits the equilibrium data but induce the mutated agents to take an action with lower payoffs. We characterize which steady …