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as a supportive partnerships represented by a directed network between players (aka hedonic relation). We examine in a … players. Two levels of description are considered: the first one describes the support network formation whereas the second …~game. Stability conditions are stated, emphasizing the connection between these two levels. We also stress the interaction between …
Persistent link: https://www.econbiz.de/10008793809
Despite numerous efforts at interpretation and exposition, the standard Real Business Cycle model remains somewhat misterious. Its dynamic porperties are by now familiar, at least to those who made the effort to run simulation by themselves. Many extention of the basic model have been developed,...
Persistent link: https://www.econbiz.de/10010738599
The recognition that contracts have a time dimension has given rise to a very abundant literature since the end of the 1980s. In such a dynamic context, the contract may take place over several periods and develop repeated interactions. Then, the principal topics of the analysis are commitment,...
Persistent link: https://www.econbiz.de/10008792681
dynamics of organisational rules between 1996 and 2005. The French New Market (FNM) was created in 1996 in order to finance … dynamics testifies a lack of consistency and relevance in the rules during this period, given the identity and of the FNM. More …
Persistent link: https://www.econbiz.de/10008793131
Extreme events are one of the main channels through which climate and socio- economic systems interact and it is likely that climate change will modify their probability distributions. The long-term growth models used in climate change as- sessments, however, cannot capture the effects of such...
Persistent link: https://www.econbiz.de/10008793739
We present a model of inductive inference that includes, as special cases, Bayesian reasoning, case-based reasoning, and rulebased reasoning. This uni ed framework allows us to examine how the various modes of inductive inference can be combined and how their relative weights change...
Persistent link: https://www.econbiz.de/10010821413
Investigations of long-run sustainability of joint ecological-economic systems highlight the pertinence of reconsidering "free disposal" assumptions that underpin Sraffian and von Neumann approaches to value and growth theory. We investigate joint-production time-paths for square systems A and B...
Persistent link: https://www.econbiz.de/10010699850
leads to the stability and uniqueness of the symmetric equilibrium. …
Persistent link: https://www.econbiz.de/10010739068
On démontre la stabilité de l'équilibre dans une économie walrasienne complètement décentralisée dans laquelle les prix sont fixés par les agents économiques et où échange et production ont lieu hors équilibre.
Persistent link: https://www.econbiz.de/10011025559
We study rationalizable solutions in a linear asymmetric Cournot oligopoly. We show that symmetry across firms favors multiplicity of rationalizable solutions: A merger (implying a greater asymmetry across firms) makes out-of-equilibrium behavior less likely and should dampen &lquo;coordination&rquo;...
Persistent link: https://www.econbiz.de/10011025972