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Information Dynamics and Equilibrium Multiplicity in Global Games of Regime Change
Angeletos, George-Marios - 2004
Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …
Persistent link: https://www.econbiz.de/10012467670
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Coordination and Policy Traps
Angeletos, George-Marios - 2003
participants play a coordination game with information heterogeneity. We consider defense policies against speculative currency …
Persistent link: https://www.econbiz.de/10012468931
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Coordination, Fair Treatment and Inflation Persistence
Driscoll, John C. - 2002
data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation persistence. We …
Persistent link: https://www.econbiz.de/10012469536
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Uncertainty and Sentiment-Driven Equilibria
Benhabib, Jess - 2013
We construct a model to capture the Keynesian idea that production and employment decisions are based on expectations of aggregate demand driven by sentiments, and that realized demand follows from the production and employment decisions of firms. We cast the Keynesian idea into a simple model...
Persistent link: https://www.econbiz.de/10012459783
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Money in a Heterogeneous Agent Model
Farmer, Roger E. A. - National Bureau of Economic Research - 2024
I introduce money into an incomplete markets model with heterogeneous agents and uninsurable income risk. I show that … the model exhibits both non-monetary and monetary equilibria, with the latter existing when income risk is sufficiently …
Persistent link: https://www.econbiz.de/10015056162
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Sluggish Inflation Expectations : A Markov Chain Analysis
Kocherlakota, Narayana R. - 2016
experience long periods of what looks like secular stagnation because households believe that there is a significant risk of a …
Persistent link: https://www.econbiz.de/10012456664
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An Experimental Study of Decentralized Link Formation with Competition
Comola, Margherita - 2015
We design a laboratory experiment to investigate bilateral link formation in a setting where payoffs are pair-specific. Our link formation rule is decentralized and players can make link offers and counter-offers, as in a Beckerian marriage market. The game is designed in such a way that a...
Persistent link: https://www.econbiz.de/10012456913
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Games and Resources
Harstad, Bård - 2012
theory is the natural tool for such an analysis, whether the resource is private or publicly owned, whether it is renewable …
Persistent link: https://www.econbiz.de/10012460141
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A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
Netzer, Nick - 2012
low to high risk agents that is increasing in the share of low risks in the population under weak conditions on risk …
Persistent link: https://www.econbiz.de/10012460190
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Social Learning and Coordination in High-Stakes Games : Evidence from Friend or Foe
Oberholzer-Gee, Felix - 2003
-stakes environment. For most others, improved coordination implies a drastic decline in monetary winnings. Prior to playing the social …
Persistent link: https://www.econbiz.de/10012468893