Showing 1 - 10 of 79
The evolution of firms' investment behavior is interpreted by heterodox theories as the resultant of the …
Persistent link: https://www.econbiz.de/10008794003
Le problème de la coordination décentralisée des comportements individuels et de l'ajustement de l'économie vers un … présent article étudie les capacités de coordination d'une économie stylisée au travers d'une dynamique évolutionnaire d …
Persistent link: https://www.econbiz.de/10010821257
close to a state of nature, with the ideal proximity to the state varying across agents. Before this coordination game is …
Persistent link: https://www.econbiz.de/10010738542
We re-examine issues of coordination in the standard RBC model. Can the unique rational expectations equilibrium be … coordination along this line cannot be expected. Rational agents anticipating small but possibly persistent deviations have to face …
Persistent link: https://www.econbiz.de/10010738777
-oct 2002. The text reviews recent work on expectational coordination in general equilibrium models of the Walrasian tradition … "eductive learning". It examines in a more systematic way the coordination difficulties that would arise in finite horizon … models with spot multiplicity and discusses the relationship between coordination and incompleteness. …
Persistent link: https://www.econbiz.de/10010738822
that an increase in ambiguity reduces the perceived coordination of players in rolling over their loans. This contibutes to …
Persistent link: https://www.econbiz.de/10010739015
stabilization) - is traded-off against coordination upon the welfare enhancing free-trade equilibrium (stabilizing price … expectations). Therefore, we identify a new rationale for an exogenous price intervention in open economy targeting coordination …
Persistent link: https://www.econbiz.de/10010739089
We use a non-Bayesian approach to uncertainty which allows for both optimism and pessimism in a simple global game, where each signal can exhibit a bias which is ambiguous. We underline a symmetry between two models of financial crises: a liquidity crisis model, and a currency crisis model. We...
Persistent link: https://www.econbiz.de/10010739136
hybrides, formes de coordination intermédiaires entre marché et hiérarchie. Cet article se propose d'étudier les processus de … coordination supplémentaires et spécifiques à la transaction. …
Persistent link: https://www.econbiz.de/10010898550
Cet article questionne le rôle et la place de la monnaie dans le processus de coordination dans une économie de marché … décentralisée. Les modèles d'équilibre, qui supposent la coordination réalisée à partir des mécanismes de marché, qualifiés de réels …
Persistent link: https://www.econbiz.de/10010898981