Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10005814868
The canonical model of strategic complementarities between individual actions, which exhibits multiple equilibria under perfect information, is extended with heterogeneous agents and imperfect information. Agents observe their own cost of action and the history of the levels of aggregate...
Persistent link: https://www.econbiz.de/10005549778