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Business Cycles and Oligopoly Supergames : Some Empirical Evidence on Prices and Margins
Domowitz, Ian; Petersen, Bruce C.; Hubbard, R. Glenn - 2021
There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …
Persistent link: https://www.econbiz.de/10013216122
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Liquidity constraints and the cyclical behavior of markups
Chevalier, Judith A. - In: The American economic review 85 (1995) 2, pp. 390-396
Persistent link: https://www.econbiz.de/10001188968
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Coordination cycles
Steiner, Jakub - In: Games and economic behavior 63 (2008) 1, pp. 308-327
Persistent link: https://www.econbiz.de/10003736799
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Shaped by Booms and Busts : How the Economy Impacts CEO Careers and Management Styles
Schoar, Antoinette - 2014
We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …
Persistent link: https://www.econbiz.de/10013067126
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Does the market value CEO styles?
Schoar, Antoinette; Zuo, Luo - In: The American economic review 106 (2016) 5, pp. 262-266
Persistent link: https://www.econbiz.de/10011699946
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Trading on Sunspots
Jovanovic, Boyan - 2015
In a model with multiple Pareto-ranked equilibria we add trade in assets that pay based on the realization of a sunspot. Asset trading restricts the equilibrium set in a way that raises welfare by eliminating equilibria with a high likelihood of disasters. When the probability of a disaster is...
Persistent link: https://www.econbiz.de/10013031016
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A Supergame-Theoretic Model of Business Cycles and Price Wars During Booms
Rotemberg, Julio J.; Saloner, Garth - 2021
the collusive outcome is often greater when demand is high. To moderate this temptation,the optimizing oligopoly reduces … support our theory. (J.E.L. Classification numbers:020, 130, 610) …
Persistent link: https://www.econbiz.de/10013228647
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Medium-term business cycles
Comin, Diego; Gertler, Mark - In: The American economic review 96 (2006) 3, pp. 523-551
Persistent link: https://www.econbiz.de/10003349263
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VAR analysis and the great moderation
Benati, Luca; Surico, Paolo - In: The American economic review 99 (2009) 4, pp. 1636-1652
Persistent link: https://www.econbiz.de/10003896791
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Individual consumption risk and welfare cost of business cycles
De Santis, Massimiliano - In: The American economic review 97 (2007) 4, pp. 1488-1506
Persistent link: https://www.econbiz.de/10003586874