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The 2016 Nobel Memorial Prize in Economic Sciences was awarded to Oliver Hart and Bengt Holmström for their work on contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the CEO - or agent - is at the centre of interest. In the...
Persistent link: https://www.econbiz.de/10011944900
The 2016 Nobel Memorial Prize in Economic Sciences was awarded to Oliver Hart and Bengt Holmström for their work on contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the CEO - or agent - is at the centre of interest. In the...
Persistent link: https://www.econbiz.de/10011588720
Over the past two decades, an enormous amount of work has been done to improve the Expected Utility model. Two areas have attracted major attention: the possibility of describing unforeseen contingencies and the need to accomodate the kind of behavior ref
Persistent link: https://www.econbiz.de/10005812177
The most fundamental form of systemic risk in modern financial networks is contagion. In this article we describe a homogeneous banking system (banks with identical preferences and the same size of total assets) with interconnectedness: banks own shares in each others' assets. Using these...
Persistent link: https://www.econbiz.de/10011444397
Game theory is the pocket knife of conflict modelling: it has tools, models for practically all strategic conflicts, be that two- or multiplayer, complete or incomplete information and so on. In this study we have collected relevant tools for young lawyers. Since this is an introductory text we...
Persistent link: https://www.econbiz.de/10012290288
The most fundamental form of systemic risk in modern financial networks is contagion. In this article we describe a homogeneous banking system (banks with identical preferences and the same size of total assets) with interconnectedness: banks own shares in each others' assets. Using these...
Persistent link: https://www.econbiz.de/10010481795
Game theory is the pocket knife of conflict modelling: it has tools, models for practically all strategic conflicts, be that two- or multiplayer, complete or incomplete information and so on. In this study we have collected relevant tools for young lawyers. Since this is an introductory text we...
Persistent link: https://www.econbiz.de/10012016420
English Abstract: Nowadays the role of knowledge is revalued, innovations are created even more swiftly, and we live in … the era of knowledge-based economy and society. The universities play a notable role in this process as they achieve …
Persistent link: https://www.econbiz.de/10013248483
universities is a kind of shift in thinking toward the proactive strategy to follow. In a knowledge-based and increasingly learning …-based economy and society, universities are becoming more and more focused, as they are the institutions where knowledge creation … effective knowledge management system order.The aim of the study is twofold: on the one hand, it aims at promoting the role of …
Persistent link: https://www.econbiz.de/10013248484
English Abstract: This is the PDF version of the presentation of the Fellowship Students of the Hungarian New National Excellence Program. 3rd Central European PhD Workshop on Economic Policy and Crisis Management, Doctoral School in Economics, University of Szeged. 13th-14th April 2018, Szeged,...
Persistent link: https://www.econbiz.de/10013248485