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We consider a dynamic version of sender-receiver games, where the sequence of states follows an irreducible Markov chain observed by the sender. Under mild assumptions, we provide a simple characterization of the limit set of equilibrium payoffs, as players become very patient. Under these...
Persistent link: https://www.econbiz.de/10010380794
We study the development of a duopoly industry -evolution of firm capacities and competitive behavior- in a continuous-time real-options model of capacity investment. Our methodology allows the evaluation of investment options and exercise rules in a strategic setup. In the initial industry...
Persistent link: https://www.econbiz.de/10005100881
We study a simple duopoly model of preemption with multiple investments and instantaneous Bertrand competition in a stochastically growing market. Different patterns of equilibria may arise, depending on the importance of the real option effect. If the average growth rate of the market is close...
Persistent link: https://www.econbiz.de/10005100883
This paper is concerned with the incentive properties of the Matthew Effect by which since Merton [1968] one is usually describing the various cumulative advantages that obviously affect academic competition. We introduce a model of sequential contests in which the agents that have initially...
Persistent link: https://www.econbiz.de/10005570182
In the 1970s, Thomas C. Schelling proposed a model which claimed to show that a high degree of spatial segregation can … result from individual preferences which do not in themselves aim to achieve such a degree of collective segregation. A … totally explain the obtained levels of segregation. A real weak individual demand for similar neighbours leads to low social …
Persistent link: https://www.econbiz.de/10005792587
Changes in living space often derive from complex and multiple factors, which are both of objective and subjective, rational and irrational nature. The issues which are linked to the presence of new populations are analysed, in the area of residential economics, in terms of costs v. returns,...
Persistent link: https://www.econbiz.de/10005379209
Fondée sur les deux enquêtes auprès des ménages de 1998 et 2003, la recherche propose une analyse de la dynamique des envois de fonds de Côte d'Ivoire, et de leur impact sur la pauvreté au Burkina Faso. Deux principales conclusions émergent de cette investigation, les envois de fonds...
Persistent link: https://www.econbiz.de/10005341998
Over the last decade, many researchers have focused on the study of different urban hierarchies and their evolution over time. These studies may or may not confirm Zipf’s law and emphasize the characteristics of urban growth. The question is then whether urban growth depends upon city-size or...
Persistent link: https://www.econbiz.de/10009275743
et particulièrement adaptée à la simulation de diverses politiques économiques. Une distinction entre résidents et …
Persistent link: https://www.econbiz.de/10009276968
Cet article propose une réflexion sur l’action publique pour accompagner, orienter et réguler les transformations et les différenciations régionales face à la mondialisation. Les défis pour l’État sont importants dans la mesure où il existe, à côté des grandes agglomérations, des...
Persistent link: https://www.econbiz.de/10008532604