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The aim of this paper is to study the relationship between advertising and sales of French manufacturing firms. First …, we use a simple theoretical model compatible with past econometric studies of sales and advertising, and extend it to … advertising has on sales. Second, we estimate our model while accounting for the main problems encountered in the previous …
Persistent link: https://www.econbiz.de/10005475290
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mixed-strategy Nash equilibria, and settings in which private information, anonymity and idiosyncratic shocks are given …
Persistent link: https://www.econbiz.de/10005776497
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precisely, we prove a nonemptiness result of the core of an exchange economy with asymmetric information, a continuum of states …
Persistent link: https://www.econbiz.de/10005776528
We present the model of games with incomplete information first introduced by Harsanyi and show the link with extensive … form games with imperfect information. We provide then a construction of the universal type space of Mertens and Zamir …
Persistent link: https://www.econbiz.de/10005776534
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Symmetry of shocks across countries is often considered as a necessary condition for a monetary union. We show that the measure of shocks symmetry does not reveal a deep parameter, and depends on economic integration. The more integrated economies are, the more aysmmetric are GDPs for a given...
Persistent link: https://www.econbiz.de/10005776571
We characterize, for any model of repeated interaction with incomplete information and signals, the information that …
Persistent link: https://www.econbiz.de/10005475318