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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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A pénzügyi piacok mikrostruktúrája: Mit veszítünk a piaci súrlódásokkal?
Havran, Dániel - 2014
existing market frictions and particular financial market microstructures compared to walrasian markets. Within a unified … the behavior of the market makers and trading explanations related to the order driven markets. We constrain our analysis … into the secondary markets. With considering the financial markets by asset classes (interbank loans and deposits, bond …
Persistent link: https://www.econbiz.de/10010494600
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A pénzügyi piacok mikrostruktúrája : mit veszítünk a piaci súrlódásokkal?
Havran, Dániel - 2014
existing market frictions and particular financial market microstructures compared to walrasian markets. Within a unified … the behavior of the market makers and trading explanations related to the order driven markets. We constrain our analysis … into the secondary markets. With considering the financial markets by asset classes (interbank loans and deposits, bond …
Persistent link: https://www.econbiz.de/10010402552
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Liquidity
THADDEN, Ernst-Ludwig VON - Départment d'économétrie et d'économie politique … - 2002
provision through banks and markets. Then I turn to liquidity provision on the asset side of banks' balance sheets and conclude …
Persistent link: https://www.econbiz.de/10005650131
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Insurance Policies for Monetary Policy in the Euro Area
Wieland, Volker; Kuester, Keith - Society for Computational Economics - SCE - 2005
In this paper, we examine the cost of insurance against model uncertainty for the Euro area considering four alternative reference models, all of which are used for policy-analysis at the ECB. We find that maximal insurance across this model range in terms of a Minimax policy comes at moderate...
Persistent link: https://www.econbiz.de/10005345043
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Munkahely a közszférában: Biztonság és hivatás, a szubjektív szempontok szerepe
Molnár, György; Kapitány, Zsuzsa - 2013
Sorting into public sector jobs may be motivated not only by the available income but also by other aspects, such as stronger demand for security or for social usefulness. The demand for larger job security - beside other factors - can be the consequence of family circumstances. We have...
Persistent link: https://www.econbiz.de/10010494736
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Munkahely a közszférában : biztonság és hivatás, a szubjektív szempontok szerepe
Molnár, György; Kapitány, Zsuzsa - 2013
Sorting into public sector jobs may be motivated not only by the available income but also by other aspects, such as stronger demand for security or for social usefulness. The demand for larger job security - beside other factors - can be the consequence of family circumstances. We have...
Persistent link: https://www.econbiz.de/10009719060
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Beyond Earthquakes: The New Directions of Expected Utility Theory
Zurita, Felipe - In: Latin American Journal of Economics-formerly Cuadernos … 42 (2005) 126, pp. 209-255
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
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Forming Efficient Networks
Pérez-Castrillo, David; Wettstein, David - Departament d'Economia i Història Econòmica, … - 2004
In this paper, we suggest a simple sequential mechanism whose subgame perfect equilibria give rise to efficient networks. Moreover, the payoffs received by the agents coincide with their Shapley value in an appropriately defined cooperative game.
Persistent link: https://www.econbiz.de/10005247843