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This paper presents an experiment on a coordination game with extrinsic random signals, in which we systematically vary …
Persistent link: https://www.econbiz.de/10011596121
Persistent link: https://www.econbiz.de/10003229757
experiences in some European countries have demonstrated, guarantees may link the coordination problems of bank and sovereign …
Persistent link: https://www.econbiz.de/10011065596
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and stave off bank runs. However, as the experiences of some European countries, most notably Ireland, have demonstrated, the credibility and effectiveness of these guarantees is...
Persistent link: https://www.econbiz.de/10011277274
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and stave off bank runs. However, as the experiences of some European countries, most notably Ireland, have demonstrated, the credibility and effectiveness of these guarantees is...
Persistent link: https://www.econbiz.de/10010318735
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and stave off bank runs. However, as the experience of some European countries, most notably Ireland, has demonstrated, the credibility and effectiveness of these guarantees is...
Persistent link: https://www.econbiz.de/10010344594
Persistent link: https://www.econbiz.de/10010257913
Persistent link: https://www.econbiz.de/10010467894
on an informational structure, which sets free from the strict separation between public information and private … information. Diverse pieces of public information can be taken into account differently by players and are likely to lead to … these signals sufficiently differ. We derive some implications for information dissemination policy. Transparency in this …
Persistent link: https://www.econbiz.de/10010746034
In games with strategic complementarities, public information about the state of the world has a larger impact on … equilibrium actions than private information of the same precision, because the former is more informative about the likely … levels of reasoning. This paper analyzes the welfare effects of public information under such limited levels of reasoning and …
Persistent link: https://www.econbiz.de/10011031524