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This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10010272600
We present the first necessary and sufficient conditions for the existence of a unique perfect-foresight solution … conditions on the existence of a solution in such models, and provide a proof of the inescapability of the "curse of …
Persistent link: https://www.econbiz.de/10011427963
conditions on the existence of a solution in such models. These results give determinacy conditions for models with occasionally …
Persistent link: https://www.econbiz.de/10011518459
Persistent link: https://www.econbiz.de/10010400302
conditions on the existence of a solution in such models. These results give determinacy conditions for models with occasionally …
Persistent link: https://www.econbiz.de/10011452241
belief-driven recessions. To aid in finding policies that avoid this, we derive existence and uniqueness conditions for …. We also derive equilibrium existence conditions under rational expectations for arbitrary non-linear models. …
Persistent link: https://www.econbiz.de/10013164715
Persistent link: https://www.econbiz.de/10012311014
results on the existence of a solution in the presence of such terminal conditions. These results give determinacy conditions …
Persistent link: https://www.econbiz.de/10011717372
Persistent link: https://www.econbiz.de/10011670352
end, we derive existence and uniqueness conditions for otherwise linear models with OBCs. Our main result gives necessary …
Persistent link: https://www.econbiz.de/10012107577