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– subsequent player performance and the durability of club-player relationship. Major League Baseball provides a compelling setting …
Persistent link: https://www.econbiz.de/10010352280
The paper presents an economic model of interaction between cricket boards, players and international club-line games sponsors like ICL or IPL. It attempts to capture the inherent conflict between such games and country-line games traditionally organized by cricket boards. It identifies the...
Persistent link: https://www.econbiz.de/10010295283
The paper presents an economic model of interaction between cricket boards, players and international club-line games sponsors like ICL or IPL. It attempts to capture the inherent conflict between such games and country-line games traditionally organized by cricket boards. It identifies the...
Persistent link: https://www.econbiz.de/10010298616
Several types of constraints must be satisfied by schedules of real world sports leagues, e. g. stadium unavailability … constraints are considered as 'soft' ones. There are various models appropriately describing the environment of real sport leagues … here a model which satisfies the demands of many sports leagues. We solve our model by a method which consists in …
Persistent link: https://www.econbiz.de/10011558717
Two signaling games of monetary policy are considered: game one examines the effect of hysteresis on the labor market on the results of the repeated monetary policy game. Disciplinary effects of reputation disappear in presence of hysteresis. The second game compares weifare effects of monetary...
Persistent link: https://www.econbiz.de/10010397973
In 1983 England's fifth-tier football competition introduced a two-points-for-ahome-win and three-points-for-an-away-win reward system. This system was abolished after three seasons. The anomalous point system may have been introduced to reduce home advantage but the reasons are not fully clear...
Persistent link: https://www.econbiz.de/10014547699
An appropriate (interim) notion of the core for an economy with incomplete information depends on the amount of information that coalitions can share. The coarse and fine core, as originally defined by Wilson (1978), correspond to two polar cases, involving no information sharing and arbitrary...
Persistent link: https://www.econbiz.de/10010318931
credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social …
Persistent link: https://www.econbiz.de/10010320270
extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … target. Credibility enables expectation to be formed in a forward-looking way by weakening its connection with the past. This … study aims to contribute to the literature concerning the effects of credibility on monetary policy. For this purpose, using …
Persistent link: https://www.econbiz.de/10014558525
credibility come from? I propose a simple model which consists of three elements. I distinguish first the story-maker or persuader … at risk and who needs to become convinced of the credibility of the imagined future. The third element in the model is … assessments of credibility. …
Persistent link: https://www.econbiz.de/10014633294