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Evaluation of Stackelberg leader-follower interaction between policymakers in small open economies

Tetik, Metin; Ceylan, Reşat - In: Ekonomika : mokslo žurnalas 100 (2021) 2, pp. 101-132

The problem of coordination between policymakers seems to have created fundamental problems related to economic and social costs, targeted inflation, potential growth, and a high budget deficit. To resolve these problems in this framework, it is important to see the results of the interaction...

Persistent link: https://www.econbiz.de/10012887985

Grand Canonical Minority Game as a Sign Predictor

Wawrzyniak, Karol - 2014

In this paper the extended model of Minority game (MG), incorporating variable number of agents and therefore called Grand Canonical, is used for prediction. We proved that the best MG-based predictor is constituted by a tremendously degenerated system, when only one agent is involved. The...

Persistent link: https://www.econbiz.de/10013059395

DSGE Nash : Solving Nash Games in Macro Models with an application to optimal monetary policy under monopolistic commodity pricing

Ferrari, Massimo Minesso; Pagliari, Maria Sole - 2022

This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in general equilibrium macroeconomic models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including solutions up to the...

Persistent link: https://www.econbiz.de/10014076795

Conclusions of cooperative and noncooperative interaction between monetary and fiscal policies in small scale open economy

Tetik, Metin; Ceylan, Reşat; Ulucan, Hakan; Bari, Bilgin - In: Dynamic optics in economics : quantitative, …, (pp. 117-149). 2020

Persistent link: https://www.econbiz.de/10012888491

Causal statistics of structural dependence space-based trend simulations for the coalition of rice exporters : the cases of India, Thailand, and Vietnam

Anuphak Saosaovaphak; Chukiat Chaiboonsri; Satawat Wannapan - In: International journal of computational economics and … 12 (2022) 1/2, pp. 4-28

Persistent link: https://www.econbiz.de/10012939557

A Bayesian Model of the Litigation Game

Guerra-Pujol, F. E. - 2014

Over a century ago, Oliver Wendell Holmes invited scholars to look at law through the lens of probability theory: ‘The …

Persistent link: https://www.econbiz.de/10013067657

Analyzing Noisy Observation Game with Bayesian Iterative Conjectures Approach

Teng, Jimmy - 2012

This paper uses Bayesian equilibrium by iterative conjectures approach to solve a noisy sequential game, that is, a sequential game with inaccurate observation clouded by noise. Bayesian equilibrium by iterative conjectures requires players to form conjectures about the strategies of the other...

Persistent link: https://www.econbiz.de/10014163813

Refining Perfect Bayesian Equilibrium by Bayesian Iterative Conjectures Algorithm

Teng, Jimmy - 2012

This paper studies a new refinement for Perfect Bayesian equilibrium, Bayesian equilibrium by iterative conjectures (BEIC). BEIC requires players to make predictions, starting from first order uninformative predictive distribution functions (or conjectures) and keep updating with statistical...

Persistent link: https://www.econbiz.de/10014164319

Analyzing Two-Sided Incomplete Information Simultaneous and Sequential Games with Bayesian Equilibrium by Iterative Conjectures Approach

Teng, Jimmy - 2012

This paper proposes a way to solve two sided incomplete information games which generally generates a unique equilibrium. Players in the games form conjectures about what other players want to do, starting from first order uninformative conjectures and keep updating with games theoretic and...

Persistent link: https://www.econbiz.de/10014166874

A Bayesian Theory of Games : An Analysis of Strategic Interactions with Statistical Decision Theoretic Foundation

Teng, Jimmy - 2012

set of games than current Nash Equilibrium based games theory, including games with inaccurate observations, games with … games analyzed by the current games theory, it generates far lesser equilibriums and normally generates only a unique … equilibrium. It also resolves inconsistencies in equilibrium results by different solution concepts in current games theory …

Persistent link: https://www.econbiz.de/10014172228