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Heterogeneity and Uniqueness in Interaction Games
Morris, Stephen; Shin, Hyun Song - Cowles Foundation for Research in Economics, Yale University - 2003
arguments generating uniqueness in games with strategic complementarities by introducing heterogeneity in these different … settings. We also report on the relation between local and global heterogeneity, on the role of strategic multipliers and on …
Persistent link: https://www.econbiz.de/10005762837
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Social Security Investment in Equities in an Economy with Short-Term Production and Land
Diamond, Peter; Geanakoplos, John - Cowles Foundation for Research in Economics, Yale University - 2000
, either through the trust fund or via private accounts. The analysis depends critically on heterogeneity in saving, in …
Persistent link: https://www.econbiz.de/10005093924
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Behavioral Heterogeneity and Cournot Oligopoly Equilibrium
Grandmont, Jean-Michel - Cowles Foundation for Research in Economics, Yale University - 1993
demand heterogeneity tend to stabilize market expenditures. In a partial equilibrium context, sufficient demand heterogeneity …
Persistent link: https://www.econbiz.de/10005093932
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Cointegrating Rank Selection in Models with Time-Varying Variance
Cheng, Xu; Phillips, Peter C. B. - Cowles Foundation for Research in Economics, Yale University - 2009
Reduced rank regression (RRR) models with time varying heterogeneity are considered. Standard information criteria for …
Persistent link: https://www.econbiz.de/10005196029
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The Elusive Empirical Shadow of Growth Convergence
Phillips, Peter C.B.; Sul, Donggyu - Cowles Foundation for Research in Economics, Yale University - 2003
, we find an important new role for heterogeneity over time and across economies in the transitional dynamics of economic …
Persistent link: https://www.econbiz.de/10005463918
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Economic Transition and Growth
Phillips, Peter C.B.; Sul, Donggyu - Cowles Foundation for Research in Economics, Yale University - 2005
Some extensions of neoclassical growth models are discussed that allow for cross section heterogeneity among economies …
Persistent link: https://www.econbiz.de/10005593341
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Adaptive Estimation of Autoregressive Models with Time-Varying Variances
Xu, Ke-Li; Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 2006
unknown nonparametric time-varying function generating heterogeneity. An important special case involves structural change in …
Persistent link: https://www.econbiz.de/10005593399
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Adaptive Estimation of Autoregressive Models with Time-Varying Variances
Xu, Ke-Li; Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 2006
unknown nonparametric time-varying function generating heterogeneity. An important special case involves structural change in …
Persistent link: https://www.econbiz.de/10005593627
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Exploiting the Choice-Consumption Mismatch: A New Approach to Disentangle State Dependence and Heterogeneity
Sudhir, K.; Yang, Nathan - Cowles Foundation for Research in Economics, Yale University - 2014
heterogeneity in preferences. Our strategy exploits market environments where there is a choice-consumption mismatch. We first …
Persistent link: https://www.econbiz.de/10010895639
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Information and Volatility
Bergemann, Dirk; Heumann, Tibor; Morris, Stephen - Cowles Foundation for Research in Economics, Yale University - 2013
In an economy of interacting agents with both idiosyncratic and aggregate shocks, we examine how the structure of private information influences aggregate volatility. The maximal aggregate volatility is attained in a noise free information structure in which the agents confound idiosyncratic and...
Persistent link: https://www.econbiz.de/10010938545