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The Propagation of Financial Extremes
Chollete, Lorán - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2009
the black box of extremes. Specifically, we extend standard economic analysis of extreme risk, allowing for dynamics and … endogeneity. We explain how endogenous extremes may arise in an economy of individuals who engage in resource transfers. Our model …
Persistent link: https://www.econbiz.de/10005645065
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A Model of Endogenous Extreme Events
Chollete, Loran - Handelshøgskolen, Universitetet i Stavanger - 2011
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Persistent link: https://www.econbiz.de/10009416202
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The Propagation of Financial Extremes
Chollete, Lorán - 2008
the black box of extremes. Specifically, we extend standard economic analysis of extreme risk, allowing for dynamics and … endogeneity. We explain how endogenous extremes may arise in an economy of individuals who engage in resource transfers. Our model …
Persistent link: https://www.econbiz.de/10012723707
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The Propagation of Financial Extremes : An Application to Subprime Market Spillovers
Chollete, Lorán - 2008
of extreme risk. First, we model the potentially relevant dimensions of dynamics and endogeneity. In characterizing …
Persistent link: https://www.econbiz.de/10012725035
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Inherited institutions: Cooperation in the light of democratic legitimacy
Langenbach, Pascal; Tausch, Franziska - 2017
We experimentally investigate whether the procedural history of a sanctioning institution affects cooperation in a social dilemma. Subjects inherit the institutional setting from a previous generation of subjects who either decided on the implementation of the institution democratically by...
Persistent link: https://www.econbiz.de/10011662174
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Institutional endogeneity and third-party punishment in social dilemmas
Marcin, Isabel; Robalo, Pedro; Tausch, Franziska - 2016
This paper studies experimentally how the endogeneity of sanctioning institutions affects the severity of punishment in …
Persistent link: https://www.econbiz.de/10011522111
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Institutional endogeneity and third-party punishment in social dilemmas
Marcin, Isabel; Robalo, Pedro; Tausch, Franziska - 2016
This paper studies experimentally how the endogeneity of sanctioning institutions affects the severity of punishment in …
Persistent link: https://www.econbiz.de/10011455952
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Inherited institutions : cooperation in the light of democratic legitimacy
Langenbach, Pascal; Tausch, Franziska - 2017
We experimentally investigate whether the procedural history of a sanctioning institution affects cooperation in a social dilemma. Subjects inherit the institutional setting from a previous generation of subjects who either decided on the implementation of the institution democratically by...
Persistent link: https://www.econbiz.de/10011587713
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Settlement finality as a public good in large-value payment systems
Pagès, Henri; Humphrey, David - 2005
Target is a real time gross settlement (RTGS) large value payment network operated by European central banks that eliminates systemic risk. Euro1 is a privately operated delayed net settlement (DNS) network that reduces substantially systemic risk but does not eliminate it. This difference makes...
Persistent link: https://www.econbiz.de/10011604552
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Competition as a socially desirable dilemma theory vs. experimental evidence
Engel, Christoph - 2009
Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain loyal. If firms interact only once, if products are homogenous, if firms compete in price, and if marginal cost is constant, theory even predicts that strategic interaction...
Persistent link: https://www.econbiz.de/10010266995