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Mismatch, Sorting and Wage Dynamics
Lise, Jeremy - 2013
We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact of regulation in a labor market with heterogeneous workers and jobs. To achieve this we develop an equilibrium model of wage determination and employment which extends the...
Persistent link: https://www.econbiz.de/10013088486
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Can Network Theory-Based Targeting Increase Technology Adoption?
Beaman, Lori A.; BenYishay, Ariel; Magruder, Jeremy; … - 2018
diffusion models on rich social network data from 200 villages in Malawi to identify seed farmers to target and train on the new … technology. A randomized controlled trial compares these theory-driven network targeting approaches to simpler strategies that … either rely on a government extension worker or an easily measurable proxy for the social network (geographic distance …
Persistent link: https://www.econbiz.de/10014112286
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Truthful Equilibria in Dynamic Bayesian Games
Horner, Johannes - 2013
This paper characterizes an equilibrium payoff subset for Markovian games with private information as discounting vanishes. Monitoring is imperfect, transitions may depend on actions, types be correlated and values interdependent. The focus is on equilibria in which players report truthfully....
Persistent link: https://www.econbiz.de/10013071462
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Truthful Equilibria in Dynamic Bayesian Games
Horner, Johannes - 2015
This paper characterizes an equilibrium payoff subset for dynamic Bayesian games as discounting vanishes. Monitoring is imperfect, transitions may depend on actions, types may be correlated and values may be interdependent. The focus is on equilibria in which players report truthfully. The...
Persistent link: https://www.econbiz.de/10013029918
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How Fast Do Equilibrium Payoff Sets Converge in Repeated Games?
Horner, Johannes - 2016
We provide tight bounds on the rate of convergence of the equilibrium payoff sets for repeated games under both perfect and imperfect public monitoring. The distance between the equilibrium payoff set and its limit vanishes at rate (1 - delta)^{1/2} under perfect monitoring, and at rate (1 -...
Persistent link: https://www.econbiz.de/10013000284
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Correlated Equilibrium in Games with Incomplete Information
Bergemann, Dirk; Morris, Stephen - 2011
We define a notion of correlated equilibrium for games with incomplete information in a general setting with finite players, finite actions, and finite states, which we call Bayes correlated equilibrium. The set of Bayes correlated equilibria of a fixed incomplete information game equals the set...
Persistent link: https://www.econbiz.de/10014176751
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Competing for Customers in a Social Network
Dubey, Pradeep K. - 2006
these situations as games in which firms compete for customers located in a social network. Nash Equilibrium (NE) in pure … firms are blockaded at an NE, while the rest compete uniformly throughout the network.We also explore the relation between … underlying the social network.Finally we consider convex (instead of linear) cost functions for the firms. Here NE need not be …
Persistent link: https://www.econbiz.de/10012779129
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Collaborating
Bonatti, Alessandro - 2009
This paper examines moral hazard in teams over time. Agents are collectively engaged in an uncertain project, and their individual efforts are unobserved. Free-riding leads not only to a reduction in effort, but also to procrastination. The collaboration dwindles over time, but never ceases as...
Persistent link: https://www.econbiz.de/10013160241
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Default Penalty as a Disciplinary and Selection Mechanism in Presence of Multiple Equilibria
Huber, Juergen - 2011
Closed exchange and production-and-exchange economies may have multiple equilibria, a fact that is usually ignored in macroeconomic models. Our basic argument is that default and bankruptcy laws are required to prevent strategic default, and these laws can also serve to provide the conditions...
Persistent link: https://www.econbiz.de/10013134301
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Default Penalty as a Selection Mechanism Among Multiple Equilibria
Huber, Juergen - 2012
Closed exchange and production-and-exchange economies may have multiple equilibria, a fact that is usually ignored in macroeconomic models. Our basic argument is that default and bankruptcy laws are required to prevent strategic default, and these laws can also serve to provide the conditions...
Persistent link: https://www.econbiz.de/10013115182