Showing 1 - 10 of 42
Global games of regime change that is, coordination games of incomplete information in which a status quo is abandoned …
Persistent link: https://www.econbiz.de/10010266305
Global games of regime change-coordination games of incomplete information in which a status quo is abandoned once a …
Persistent link: https://www.econbiz.de/10010282901
This paper examines the ability of a policy maker to control equilibrium outcomes in a global coordination game … into a position where both the optimal policy and the coordination outcome are dictated by self-fulfilling market …
Persistent link: https://www.econbiz.de/10003779286
Global games of regime change – coordination games of incomplete information in which a status quo is abandoned once a … ; coordination ; multiple equilibria ; information dynamics ; crises …
Persistent link: https://www.econbiz.de/10008665284
Global games of regime change–coordination games of incomplete information in which a status quo is abandoned once a …
Persistent link: https://www.econbiz.de/10008597104
Global games of regime change - that is, coordination games of incomplete information in which a status quo is …
Persistent link: https://www.econbiz.de/10014067975
Global games with endogenous information often exhibit multiple equilibria. In this paper we show how one can nevertheless identify useful predictions that are robust across all equilibria and that could not have been delivered in the common-knowledge counterparts of these games. Our analysis is...
Persistent link: https://www.econbiz.de/10010352850
Global games with endogenous information often exhibit multiple equilibria. In this paper we show how one can nevertheless identify useful predictions that are robust across all equilibria and that could not have been delivered in the common-knowledge counterparts of these games. Our analysis is...
Persistent link: https://www.econbiz.de/10011599503
This paper examines the ability of a policy maker to control equilibrium outcomes in a global coordination game … into a position where both the optimal policy and the coordination outcome are dictated by self-fulfilling market …
Persistent link: https://www.econbiz.de/10010266286
Global games of regime change that is, coordination games of incomplete information in which a status quo is abandoned … alternate between crises and phases of tranquillity without changes in fundamentals. -- Global games ; coordination ; multiple …
Persistent link: https://www.econbiz.de/10003779212