Showing 1 - 10 of 215
We investigate a random proposer bargaining game with a dead line. A bounded time interval is divided into bargaining … periods of equal length and we study the limit of the subgame perfect equilibrium outcome as the number of bargaining periods …
Persistent link: https://www.econbiz.de/10012503005
We study a Baron-Ferejohn (1989) type of bargaining model to which we append an investment stage. As long as no … accept it. Prior to the bargaining stage, players may make investments to increase their recognition probabili- ties in the … bargaining game. The investment stage is modeled in the standard way, first suggested by Tullock (1980). When investment costs …
Persistent link: https://www.econbiz.de/10012503034
experiment compares one-shot and indefinite horizon versions of random-proposer majority bargaining (the Baron-Ferejohn game … and bargaining games from three seminal social preference experiments. …
Persistent link: https://www.econbiz.de/10011762571
are bilinear, the matrices of these bilinear forms represent the network, and strategies have norm at most one. Another … utilitity functions, where the matrices representing the network have dimension m × n. For connected directed bipartite networks …
Persistent link: https://www.econbiz.de/10012503054
This paper examines how a change in layoff order can affect the decomposition and the size of unemployment in an equilibrium model where workers make optimal occupational reallocation decisions. In a calibrated model, a policy that concentrates involuntary unemployment incidences to...
Persistent link: https://www.econbiz.de/10012503055
An undirected connected bimodal network has two Bonacich measures quantifying the centrality of the nodes. We show that … the product of Bonacich measures of an undirected bimodal network may be viewed as a product measure that is nearest (w ….r.t. Euclidean norm) to the matrix representing the network. A directed bimodal network has four Bonacich measures, two inflow and …
Persistent link: https://www.econbiz.de/10012503059
structures of a network. One of the methods is based on identifying a node subset that maximizes the average degree within this … cluster, and so on recursively. The method produces an ordered partition of the node set of the original network. We give a …
Persistent link: https://www.econbiz.de/10012503071
theoretical findings, we estimate an empirical network from industry cash flows and find support for these predictions. …
Persistent link: https://www.econbiz.de/10011900728
The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...
Persistent link: https://www.econbiz.de/10010249740
from observing the actions of peers. When the social belief is strong and the financial network is fragmented, banks follow … endogenously formed interbank networks, however, less informative signals lead to higher network density and less synchronization …
Persistent link: https://www.econbiz.de/10010405430