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In this article, a special case of two coupled M/G/1-queues is considered, where two servers are exposed to two types of jobs that are distributed among the servers via a random switch. In this model, the asymptotic behavior of the workload buffer exceedance probabilities for the two single...
Persistent link: https://www.econbiz.de/10014501852
This paper discusses the underpinnings of the financial crisis of the last decade in post-transition countries. It explores the endogenous reasons of this crisis, and in particular a possible link between delayed and unequal growth of household incomes on the one hand and the instability of the...
Persistent link: https://www.econbiz.de/10010335661
correspond to the typical observed business cycles of real economy. Stability and controllability conditions are investigated …
Persistent link: https://www.econbiz.de/10011552009
-time system) and study properties for stability, the appropriate control actions as well as the total system design in order to …
Persistent link: https://www.econbiz.de/10011552048
Does bank size significantly explain the variations in bank stability? Does bank funding risk significantly impact bank … stability? This paper addresses these two questions with data from the rural banking industry in Ghana. Controlling for credit … domestic product, the results suggest that an increase in the size of a rural bank results in an increase in its stability. The …
Persistent link: https://www.econbiz.de/10011559180
A refinement of the set of Nash equilibria that satisfies two assumptions is shown to select a subset that is stable in the sense defined by Kohlberg and Mertens. One assumption requires that a selected set is invariant to adjoining redundant strategies and the other is a strong version of...
Persistent link: https://www.econbiz.de/10011599369
We analyze the structure of a society driven by power relations. Our model has an exogenous power relation over the set of coalitions of agents. Agents determine the social order by forming coalitions. The power relations determine the ranking of agents in society for any social order. We study...
Persistent link: https://www.econbiz.de/10011599413
In a matching problem between students and schools, a mechanism is said to be robustly stable if it is stable, strategy-proof, and immune to a combined manipulation, where a student first misreports her preferences and then blocks the matching that is produced by the mechanism. We find that even...
Persistent link: https://www.econbiz.de/10011599445
dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in … stability while gaining budget balance out of equilibrium. …
Persistent link: https://www.econbiz.de/10011599472
This paper extends a family of well-known stability theorems for monotone economies to a significantly larger class of … models. We provide a set of general conditions for existence, uniqueness and stability of stationary distributions when … monotonicity holds. The conditions in our main result are both necessary and sufficient for global stability of monotone economies …
Persistent link: https://www.econbiz.de/10011599516