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Seitz und Stackelberg über das Oligopol / Seitz and Stackelberg on Oligopoly

Heertje, Arnold - In: Jahrbücher für Nationalökonomie und Statistik 218 (1999) 5-6, pp. 712-724

einen Überblick vom Standpunkt der Spieltheorie her. …

Persistent link: https://www.econbiz.de/10014608721

Erfordert die Europäische Währungsunion die Koordination der aktiven Arbeitsmarktpolitik in den Mitgliedsländern? / Does the EMU necessitate the Co-ordination of Active Labour Mark...

Jochem, Axel - In: Jahrbücher für Nationalökonomie und Statistik 219 (1999) 5-6, pp. 673-684

Zusammenfassung Durch den Vertrag von Amsterdam vom 2. Oktober 1997 wurde der acquis communautaire der Europäischen Union um ein Kapitel zur gemeinsamen Beschäftigungspolitik erweitert. Ihr Schwerpunkt liegt in der aktiven Arbeitsmarktpolitik. Die vorliegende Arbeit geht der Frage nach,...

Persistent link: https://www.econbiz.de/10014608735

Classical, Modern, and New Game Theory / Klassische, Moderne und Neue Spieltheorie

Holler, Manfred J. - In: Jahrbücher für Nationalökonomie und Statistik 222 (2002) 5, pp. 556-583

Zusammenfassung Im folgenden Überblick zur Geschichte der Spieltheorie stehen die unterschiedlichen Annahmen über die … Entwicklung der Spieltheorie begleiteten und zu dem führten, was viele als ihren Fortschritt ansehen. Die erste Stufe der … Entwicklung, die Klassische Spieltheorie, ist durch John von Neumanns und Oskar Morgensterns Werk „Game Theory and Economic …

Persistent link: https://www.econbiz.de/10014608902

Reputation, Drohungen und Vergeltung: Wiederholte Spiele als Bezugsrahmen für die Analyse von Markteintritten

Kohn, Karsten - In: Zeitschrift für Wirtschaftspolitik 63 (2014) 2, pp. 185-216

Abstract Despite descriptive empirical evidence on start-up numbers and survival rates of young firms, the interaction of market entry decisions and reactions of incumbent competitors is still insufficiently understood in the entrepreneurship literature. Repeated games offer a suitable...

Persistent link: https://www.econbiz.de/10014630806

Bailouts and Bank Runs in a Model of Crony Capitalism

Femminis, Gianluca; Ruggerone, Luigi - In: Contributions in Macroeconomics 4 (2004) 1

Abstract We present a simple multiple equilibria model that incorporates the functioning of crony capitalism. We find that a government which is keen to support the interests of the élite is ready to stand the risk of a bank run since this is part of an equilibrium where investments are heavily...

Persistent link: https://www.econbiz.de/10014588442

Optimal control of interbank contagion under complete information

Minca, Andreea; Sulem, Agnès - In: Statistics & Risk Modeling 31 (2014) 1, pp. 23-48

Abstract We study a preferred equity infusion government program set to mitigate interbank contagion. Financial institutions are prone to insolvency risk channeled through the network of interbank debt and to funding liquidity risk. The government seeks to maximize, under budget constraints,...

Persistent link: https://www.econbiz.de/10014621224

Banking on experiments?

Dufwenberg, Martin - In: Journal of Economic Studies 42 (2015) 6, pp. 943-971

Purpose – How can laboratory experiments help us understand banking crises, including the usefulness of various policy responses? After giving a concise introduction to the field of experimental economics more generally, the author attempts to provide answers. The paper aims to discuss this...

Persistent link: https://www.econbiz.de/10014864453

Explaining Speculative Expansions

Xiao, Wei - In: Contributions in Macroeconomics 4 (2004) 1

Abstract In this paper we use a modified neoclassical business cycle model to test two competing explanations of the expansion of the 1990s. The model can have indeterminate, multiple equilibria that give rise to expectation-driven business cycles. We fit into the model series of estimated...

Persistent link: https://www.econbiz.de/10014588447

Indeterminacy and the Stability Puzzle in Non-Convex Economies

Evans, George W; McGough, Bruce - In: Topics in Macroeconomics 5 (2005) 1

bivariate reduced form contains parameter regions in which sunspots are stable under learning. However, for parameters … sunspots exist, and under another information assumption, that they exist only for a very small part of the indeterminacy …

Persistent link: https://www.econbiz.de/10014588457

A Herding Perspective on Global Games and Multiplicity

Costain, James S - In: The B.E. Journal of Theoretical Economics 7 (2007) 1

Recently, it has been claimed that full-information multiple equilibria in games with strategic complementarities are not robust, because generalizing to allow slightly heterogeneous information implies uniqueness. This paper argues that this "global games" uniqueness result is itself not...

Persistent link: https://www.econbiz.de/10014589094

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