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We study the effects of institutional constraints on stability, efficiency and network formation. An exogenous … examine the impact of such societal constraints on stable/efficient architectures and on dynamics. We also study stability and … stochastic stability in the presence of decay. …
Persistent link: https://www.econbiz.de/10009493838
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This paper analyzes the implications of right-to-manage wage bargaining between a producers' syndicate and a workers' union representing finite numbers of identical members in a monetary macroeconomic model of the AS-AD type with government activity. At given prices and price expectations,...
Persistent link: https://www.econbiz.de/10010352836
emerging challenges and dynamics. [Paper prepared for Financial Stability Review of Bank of France]. …
Persistent link: https://www.econbiz.de/10004979262
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This paper analyzes the implications of right-to-manage wage bargaining between a producers’ syndicate and a workers’ union representing finite numbers of identical members in a monetary macroeconomic model of the AS–AD type with government activity. At given prices and price expectations,...
Persistent link: https://www.econbiz.de/10011098625
kind of stable dynamics domain from another kind (called soft bifurcation), such as bifurcation from monotonic stability to … kinds of unstable dynamics, some very close to stability in appearance, but also an infinite number of kinds of stable …This paper analyzes the dynamics of a variant of Jones (2002) semi-endogenous growth model within the feasible …
Persistent link: https://www.econbiz.de/10011257703
an infinite number of kinds of unstable dynamics, some very close to stability in appearance, but also an infinite number …This paper analyzes, within its feasible parameter space, the dynamics of the Uzawa-Lucas endogenous growth model. The …. We examine the stability properties of both versions of the model and locate Hopf and transcritical bifurcation …
Persistent link: https://www.econbiz.de/10011260401
stability for the intermediate model. Dynamics are also discussed. …We provide a model that allows for a transition between the simplest variation of two basic models of strategic network …
Persistent link: https://www.econbiz.de/10011650320
This paper provides a new model of network formation that bridges the gap between the two benchmark models by Bala and … benchmark models, in what we call an "asymmetric flow" network a link can be initiated unilaterally by any player with any other …
Persistent link: https://www.econbiz.de/10011145666