Showing 1 - 10 of 15
Financial contagion is modeled as an equilibrium phenomenon in a dynamic setting with incomplete information and multiple banks. The equilibrium probability of bank failure is uniquely determined. We explore how the cross holding of deposits motivated by imperfectly correlated regional liquidity...
Persistent link: https://www.econbiz.de/10010884582
Conservation areas (CAs) are among the most restrictive English planning policies. Designation implies a significant limitation of owners’ control over the shape and appearance of their properties. The policy, however, can also be argued to solve a sort of ‘prisoners’ dilemma’, in which...
Persistent link: https://www.econbiz.de/10010745091
We model differences among agents in their ability to recognise temporal patterns of prices. Using the concept of DeBruijin sequences in two dynamic models of markets, we demonstrate the existence of equilibria in which prices fluctuate in a pattern that is independent of the fundamentals and...
Persistent link: https://www.econbiz.de/10010745837
Persistent link: https://www.econbiz.de/10010746552
We consider a singular event of the following form: in a simple voting game, a particular division of the voters resulted in a positive outcome. We propose a plausible measure that quantifies the causal contribution of any given voter to the outcome. This measure is based on a conceptual...
Persistent link: https://www.econbiz.de/10011071418
This paper studies how the introduction of social learning with costs to delay affects coordination games with … incomplete information. We present a tractable noisy dynamic coordination game with social learning and costs to delay. We show … of analogous static coordination games explicates the role of social learning. The analysis is carried out for both …
Persistent link: https://www.econbiz.de/10010884536
We model the coordination of specialised tasks inside an organisation as "attribute matching". Using this method, we … changes. Compared to the U-form, the M-form organisation achieves better coordination but suffers from fewer economies of …
Persistent link: https://www.econbiz.de/10010928762
analyze the optimal chain of command given that different agents have different tasks: some agents are engaged in coordination …
Persistent link: https://www.econbiz.de/10010744898
engineering management. We examine three aspects involved in outsourcing and offshoring, namely, sourcing models, coordination …
Persistent link: https://www.econbiz.de/10010745387
This paper develops a sociomaterial perspective on digital coordination. It extends Pickering’s mangle of practice by … involved in coordination are embedded in the past, present, and future. We draw on an in-depth field study conducted between … community. Three coordination tensions are identified at different temporal dimensions, namely obtaining adequate transparency …
Persistent link: https://www.econbiz.de/10011126070