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Az összekapcsoltság hatása a rendszerkockázatra homogén bankrendszerben
Csóka, Péter; Kiss, Tamás - 2015
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
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Játékelmélet és jog
László, Kóczy Á. - 2019
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
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Az összekapcsoltság hatása a rendszerkockázatra homogén bankrendszerben
Csóka, Péter; Kiss, Tamás - 2015
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
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Játékelmélet és jog
László, Kóczy Á. - 2019
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
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The macroeconomic effects of German unification: Real adjustments and the welfare state
Canova, Fabio; Ravn, Morten O. - Department of Economics and Business, Universitat … - 2000
We study the effects of German unification in a model with capital accumulation, skill differences and a welfare state …. Absent a welfare state, we observe an investment boom, depressed output and employment conditions. Capital owners and high …-skilled agents are willing to give up to 4% of per-capita consumption to favor unification. When a welfare state exists the …
Persistent link: https://www.econbiz.de/10005771980
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Dynamically Optimal R&D Subsidization
Grossmann, Volker; Steger, Thomas; Trimborn, Timo - CESifo - 2010
slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …
Persistent link: https://www.econbiz.de/10008498993
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Wage Compression and Welfare in Sweden
Lindquist, Matthew J. - Nationalekonomiska institutionen, Stockholms Universitet - 2000
This paper calculates the quantitative significance of the welfare effects of wage compression in Sweden. This is done … compression lead to large welfare losses, since wage compression creates costly unemployment among low-skilled workers. This … welfare loss can be significantly reduced (but not eliminated) if firms and unions bargain over efficient labor contracts. In …
Persistent link: https://www.econbiz.de/10005645493
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Hart és Holmström szerződéselméleti munkássága
László, Kóczy Á.; János, Kiss Hubert - 2017
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
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Hart és Holmström szerződéselméleti munkássága
László, Kóczy Á.; János, Kiss Hubert - 2017
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
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Agency in family policy: a survey.
Cigno, Alessandro - Centre for Household, Income, Labour and Demographic … - 2009
welfare or the productivity of the former, it has no option but to act through the latter,. Parents are, in the ordynary sense.... …
Persistent link: https://www.econbiz.de/10004998492