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Methods of Comparison in Games of Status

Hopkins, Ed; Kornienko, Tatiana - School of Economics, University of Edinburgh - 2005

This paper considers the effects of changes in the income distribution in an economy where agents’ utility depends both on consumption and on their rank in the distribution of consumption of a positional good. We introduce a new methodology to compare the behavior of agents that occupy the...

Persistent link: https://www.econbiz.de/10005369061

Ratio Orderings and Comparative Statics

Hopkins, Ed; Kornienko, Tatiana - School of Economics, University of Edinburgh - 2004

results in games of incomplete information. We develop analogous refinements for second order stochastic dominance based on … precise information in the sense of the new orderings. We find that almost all types bid more aggressively under the new …

Persistent link: https://www.econbiz.de/10005086775

Non-Monotone Comparative Statics in Games of Incomplete Information

Hopkins, Ed; Kornienko, Tatiana - School of Economics, University of Edinburgh - 2004

This paper analyses comparative statics for two classes of n-player games of incomplete information with continuous …

Persistent link: https://www.econbiz.de/10005147111

Job Market Signalling of Relative Position, or Becker Married to Spence

Hopkins, Ed - School of Economics, University of Edinburgh - 2005

of the standard model which do not respond to changes in supply or demand. Despite incomplete information, equilibrium …

Persistent link: https://www.econbiz.de/10005750729