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Fear of Crashes and Over-Reaction to Bad Shocks
Cujean, Julien; Hasler, Michael - National Centre of Competence in Research - Financial … - 2011
Our purpose is to show how large difference of beliefs induced by fear of crashesis amenable to large and persistent price responses to contemporaneous shocks. Weconstruct a pure exchange economy populated by two agents who estimate strictlydifferent models regarding the fundamental. In...
Persistent link: https://www.econbiz.de/10009486814
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Financial Markets Equilibrium with Heterogeneous Agents
Cvitanić, Jakša; Jouini, Elyès; Malamud, Semyon; … - National Centre of Competence in Research - Financial … - 2011
This paper presents an equilibrium model in a pure exchange economywhen investors have three possible sources of heterogeneity. Investorsmay differ in their beliefs, in their level of risk aversion andin their time preference rate. We study the impact of investors heterogeneityon equilibrium...
Persistent link: https://www.econbiz.de/10009486816
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A proposal of the model of international marketing research as information basis in game theory
Stanetić, Vedran - In: Economic analysis : EA 51 (2018) 1/2, pp. 18-36
Persistent link: https://www.econbiz.de/10012061738
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Join the Leader, Imitate or Follow: Evolutionary Stable Strategies in the Commons
Schott, Stephan - 2010
formation. As opposed to previous findings in the CPR literature we observe that full information disclosure significantly … changes individual behaviour and aggregate use of the common property. Groups that had complete information about other … reduces aggregate extraction but does not reach full efficiency. Full information and communication leads to the formation of …
Persistent link: https://www.econbiz.de/10009468354
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Cross-Function and Same-Function Alliances: How Does Alliance Structure Affect the Behavior of Partnering Firms?
Amaldoss, Wilfred; Staelin, Richard - 2010
Firms collaborate to develop and deliver new products. These collaborations vary in terms of the similarity of the competencies that partnering firms bring to the alliance. In same-function alliances, partnering firms have similar competencies, whereas in cross-function alliances, partners have...
Persistent link: https://www.econbiz.de/10009475396
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Conflict and deterrence under strategic risk
Chassang, Sylvain; Padró i Miquel, Gerard; MacLeod, … - 2008
Persistent link: https://www.econbiz.de/10003715951
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Mutual knowledge of rationality in the electronic mail game
Takamiya, Koji (contributor); Tanaka, Akira (contributor) - 2006
This paper reexamines the paradoxical aspect of the electronic mail game (Rubinstein, 1989). The electronic mail game is a coordination game with payoff uncertainty. At a Bayesian Nash equilibrium of the game, players cannot achieve the desired coordination of actions even when a high order of...
Persistent link: https://www.econbiz.de/10003321328
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Aggregate information, common knowledge, and agreeing not to bet
Tsakas, Elias (contributor) - 2007
Persistent link: https://www.econbiz.de/10003476165
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Efficient communication, common knowledge, and consensus
Tsakas, Elias (contributor); Voorneveld, Mark (contributor) - 2007
Persistent link: https://www.econbiz.de/10003476175
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Networks with decreasing returns to linking
Vergara Caffarelli, Filippo - 2009
Persistent link: https://www.econbiz.de/10003996617