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Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …
Persistent link: https://www.econbiz.de/10010635004
), as well as the determinants of the trade-off between cash and demand deposits in Central and Eastern European Countries … and in Former Soviet Union countries. We show that the strong preference for cash, which appears in transition countries …
Persistent link: https://www.econbiz.de/10010750654
demand to consumption, such as cash-in-advance (CIA), money-in-the-utility function (MIUF) or shopping-time models. This …
Persistent link: https://www.econbiz.de/10010738750
Argentina is a unique experience of protracted economic instability and monetary disorder. In the framework of a long-term view, we investigate the demand for narrow money in Argentina from 1900 to 2006, shedding some light on the existence of money demand equilibria in extremely turbulent...
Persistent link: https://www.econbiz.de/10010738983
-output theory pioneered by Wassily Leontief. …
Persistent link: https://www.econbiz.de/10009651558
One answers to an open question of Herings et al. (2008), by proving that their fixed point theorem for discontinuous functions works for mappings defined on convex compact subset of $\R^n$, and not only polytopes. This fixed point theorem can be applied to the problem of Nash equilibrium...
Persistent link: https://www.econbiz.de/10009643775
user. A simple game theory-based model is presented where both a search engine and a content provider interact …
Persistent link: https://www.econbiz.de/10010607349
We deal with the problem of outsourcing the debt for a big investment, according two situations: either the firm outsources both the investment (and the associated debt) and the exploitation to a private consortium, or the firm supports the debt and the investment but outsources the...
Persistent link: https://www.econbiz.de/10010723292
One answers to an open question of Herings et al. (2008), by proving that their fixed point theorem for discontinuous functions works for mappings defined on convex compact subset of a Euclidean space, and not only polytopes. This rests on a fixed point result of Toussaint
Persistent link: https://www.econbiz.de/10010750537
convex compact subset of Rn, and not only polytopes. Such extension is important in non-cooperative game theory, where … typical strategy sets are convex and compact. An application in game theory is given. …
Persistent link: https://www.econbiz.de/10010750719