Showing 1 - 10 of 318
Persistent link: https://www.econbiz.de/10003763553
Persistent link: https://www.econbiz.de/10003906975
Persistent link: https://www.econbiz.de/10003934200
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10011379608
Since the seminal paper of Nash (1950) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. We study the properties of these strategies in 2-player non-zero-sum strategic games, whose Nash equilibria are only mixed.
Persistent link: https://www.econbiz.de/10011334334
We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic stability in this period, we are able to isolate the...
Persistent link: https://www.econbiz.de/10010227307
Persistent link: https://www.econbiz.de/10010249032
Persistent link: https://www.econbiz.de/10009703287
Persistent link: https://www.econbiz.de/10010465054
Persistent link: https://www.econbiz.de/10010388705