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A Positive Framework to Analyze Sovereign Bail-outs within the EMU

Fahrholz, Christian; Wójcik, Cezary - 2011

We propose a positive formal framework for analyzing sovereign bail-outs in the context of the European Monetary Union (EMU) with a view to making policy recommendations regarding improvements to the EMU institutional architecture. We build our analysis on a political economic game-theoretic...

Persistent link: https://www.econbiz.de/10010334489

Uniqueness in Infinitely Repeated Decision Problems

Vieille, Nicolas; Weibull, Jörgen W. - 2002

Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...

Persistent link: https://www.econbiz.de/10010334653

Evolution and Refinement with Endogenous Mistake Probabilities

van Damme, Eric; Weibull, Jörgen W. - 1999

Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive population dynamics in Kandori, Mailath and rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model mutation rates as...

Persistent link: https://www.econbiz.de/10010334682

Evolution with Mutations Driven by Control Costs

Weibull, Jörgen W.; van Damme, Eric - 1998

Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously...

Persistent link: https://www.econbiz.de/10010334690

What have we learned from Evolutionary Game Theory so far?

Weibull, Jörgen W. - 1997

Evolutionary theorizing has a long tradition in economics. Only recently has this approach been brought into the framework of non-cooperative game theory. Evolutionary game theory studies the robustness of strategic behaviour with respect to evolutionary forces in the context of games played...

Persistent link: https://www.econbiz.de/10010334821

Local Payoff Security and the Existence of Nash Equilibrium in Discontinuous Games

Reny, Philip J. - 1995

Persistent link: https://www.econbiz.de/10010335145

Optimal overhau-replacement policy for a multi-degraded repairable system sold with warranty

Soemadi, Kusmaningrum; Iskandar, Bermawi Priyatna; … - In: Journal of Industrial Engineering International 15 (2019) S1, pp. 153-164

free replacement warranty. In the proposed replacement policy, a maintenance action and failure are dependent on a system …

Persistent link: https://www.econbiz.de/10013470826

The impact of long-term provision costs on performance of trade in Serbia

Lukic, Radojko - In: Economic and Environmental Studies (E&ES) 17 (2017) 3, pp. 455-474

mostly refer to warranty costs. Warranty costs are caused by repair and servicing of the sold products during the warranty … period. They are function of the quality, usage and maintenance (storage) of sold product. In marketing sense, warranty costs …-term provisions - warranty costs on the performance of retailers, with special emphasis on Serbia. These theoretical, methodological …

Persistent link: https://www.econbiz.de/10011849494

The Risk Management of Minimum Return Guarantees

Mahayni, Antje; Schlögl, Erik - 2003

We analyse contracts which pay out a guaranteed minimum rate of return and a fraction of a positive excess rate, which is specified on the basis of a benchmark portfolio. These contracts are closely related to unit--linked life--insurance/savings plan products and can be considered as...

Persistent link: https://www.econbiz.de/10010263089

Pension benefit insurance and pension plan portfolio choice

Crossley, Thomas F.; Jametti, Mario - 2008

Pension benefit guarantee policies have been introduced in several countries to protect private pension plan members from the loss of income that would occur if a plan was underfunded when the sponsoring firm terminates a plan. Most of these public insurance schemes face financial difficulty and...

Persistent link: https://www.econbiz.de/10010272309