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Persistent link: https://www.econbiz.de/10002196986

The elusive welfare economics of price stability as a monetary policy objective : should new Keynesian central bankers pursue price stability

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Persistent link: https://www.econbiz.de/10002452104

Fiscal policy with agents differing in altruism and in ability

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Delinquent networks

Ballester, Coralio; Calvó-Armengol, Antoni; Zenou, Yves - 2009

Delinquents are embedded in a network of relationships. Social ties among delinquents are modeled by means of a graph where delinquents compete for a booty and benefit from local interactions with their neighbors. Each delinquent decides in a non-cooperative way how much delinquency effort he...