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Social Games: Matching and the Play of Finitely Repeated Games

Jackson, Matthew O.; Watts, Alison - EconWPA - 2005

We examine a new class of games, which we call social games, where players not only choose strategies but also choose … players in different roles, among other things. We also examine finite repetitions of games where players may choose to … rematch in any period. Some equilibria of fixed-player repeated games cannot be sustained as equilibria in a repeated social …

Persistent link: https://www.econbiz.de/10005062336

Classical Estimation of Multivariate Markov-Switching Models using MSVARlib

BELLONE, BENOIT - EconWPA - 2005

This paper introduces an upgraded version of MSVARlib, a Gauss and Ox- Gauss compliant library, focusing on Multivariate Markov Switching Regressions in their most general specification. This new set of procedures allows to estimate, through classical optimization methods, models belonging to...

Persistent link: https://www.econbiz.de/10005407938

On the Variance Covariance Matrix of the Maximum Likelihood Estimator of a Discrete Mixture

Lanot, Gauthier - EconWPA - 2002

The estimation of models involving discrete mixtures is a common practice in econometrics, for example to account for unobserved heterogeneity. However, the literature is relatively uninformative about the measurement of the precision of the parameters. This note provides an analytical...

Persistent link: https://www.econbiz.de/10005556375

Multigame models of innovation in evolutionary economics

Gagen, M. J. - EconWPA - 2003

, the coherent mathematical framework provided by information and probability theory describes firm orderliness and …

Persistent link: https://www.econbiz.de/10005118538

Trade policy, cross-border externalities and lobbies: do linked agreements enforce more cooperative outcomes?

Limão, Nuno - EconWPA - 2002

If, in international agreements, governments “link'' trade to environmental policy (or other issues with non-pecuniary externalities), will this promote more cooperation in both policies or will cooperation in one policy be strengthened at the expense of the other? We analyze this question in...

Persistent link: https://www.econbiz.de/10005124914

An Experimental Test Of Taylor-Type Rules With Inexperienced Central Bankers

Engle-Warnick, Jim; Turdaliev, Nurlan - EconWPA - 2005

fit the choice data well, and are instrumental in characterizing heterogeneity in decision making. Our experiment is the …

Persistent link: https://www.econbiz.de/10005126190

On the Size and Structure of Group Cooperation

Haag, Matthew; Lagunoff, Roger - EconWPA - 2002

This paper examines characteristics of cooperative behavior in a repeated, n-person, continuous action generalization of a Prisoner's Dilemma game. When time preferences are heterogeneous and bounded away from one, how "much" cooperation can be achieved by an ongoing group? How does group...

Persistent link: https://www.econbiz.de/10005062386