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Existence and uniqueness of solutions to dynamic models with occasionally binding constraints
Holden, Tom D. - 2019
end, we derive existence and uniqueness conditions for otherwise linear models with OBCs. Our main result gives necessary …
Persistent link: https://www.econbiz.de/10012103173
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The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings
Bayer, Christian; Rendall, Alan D.; Wälde, Klaus - 2018
source of uncertainty in a small open economy. We prove the existence of an optimal consumption path. We exploit that the …
Persistent link: https://www.econbiz.de/10011957213
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Convexity and Complementarity in Network Formation: Implications for the Structure of Pairwise Stable Networks
Hellmann, Tim - 2010
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10010270197
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Convexity and complementarity in network formation: Implications for the structure of pairwise stable networks
Hellmann, Tim - 2009
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10010272600
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Convexity and complementarity in network formation. Implications for the structure of pairwise stable networks
Hellmann, Tim - 2009
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10009452561
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When do Systematic Gains Uniquely Determine the Number of Marriages between Different Types in the Choo-Siow matching model? Sufficient Conditions for a Unique Equilibrium
Decker, Colin - 2010
work is the issue of existence and uniqueness of equilibrium. We resolve this question in the affirmative, assuming the …
Persistent link: https://www.econbiz.de/10009455387
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Existence, uniqueness and computation of solutions to dynamic models with occasionally binding constraints
Holden, Tom D. - 2016
We present the first necessary and sufficient conditions for the existence of a unique perfect-foresight solution … conditions on the existence of a solution in such models, and provide a proof of the inescapability of the “curse of …
Persistent link: https://www.econbiz.de/10011422742
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Existence and uniqueness of solutions to dynamic models with occasionally binding constraints
Holden, Tom D. - 2022
belief-driven recessions. To aid in finding policies that avoid this, we derive existence and uniqueness conditions for …. We also derive equilibrium existence conditions under rational expectations for arbitrary non-linear models. …
Persistent link: https://www.econbiz.de/10013168551
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Unique equilibrium in rent-seeking contests with a continuum of types
Ewerhart, Christian - 2014
It is shown that rent-seeking contests with continuous and independent type distributions possess a unique pure-strategy Nash equilibrium.
Persistent link: https://www.econbiz.de/10011282485
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Nash equilibrium existence and uniqueness in a club model
Fraser, Clive D. - 2012
Persistent link: https://www.econbiz.de/10009545889