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Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
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- Mechanism design (33)
- Asymptotic size (26)
- Bayes correlated equilibrium (25)
- Incomplete information (25)
- Unit root (25)
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- Adverse selection (24)
- Information structure (24)
- Test (24)
- Climate change (23)
- Cointegration (22)
- Identification (22)
- Asymptotics (21)
- Default (21)
- Moment inequalities (21)
- Nonstationarity (21)
- Confidence set (20)
- Productivity (20)
- Asymptotic theory (19)
- Robustness (19)
- Autoregression (18)
- Common knowledge (18)
- Game theory (18)
- Moral hazard (18)
- Weak instruments (18)
- Brownian motion (17)
- Correlated equilibrium (17)
- General equilibrium (17)
- Long memory (17)
- Unit roots (17)
- Experimentation (16)
- Publication Year
Articles 2221 - 2250 of 2768
Full-Text Articles in Social and Behavioral Sciences
Information Aggregation And Policy, Laurence Weiss
Information Aggregation And Policy, Laurence Weiss
Cowles Foundation Discussion Papers
No abstract provided.
Disequilibrium Models Of Financial Institutions, Gary Smith, William C. Brainard
Disequilibrium Models Of Financial Institutions, Gary Smith, William C. Brainard
Cowles Foundation Discussion Papers
No abstract provided.
How Should We Revise Our Beliefs About Nuclear Power Safety After Three Mile Island?, William D. Nordhaus
How Should We Revise Our Beliefs About Nuclear Power Safety After Three Mile Island?, William D. Nordhaus
Cowles Foundation Discussion Papers
In light of the accident at Three Mile Island, the paper presents a preliminary analysis of the compatibility between the analytical work of the Reactor Safety Study (Rasmussen Report) and actuarial experience. The technique is a “macroanalytic” approach rather than the “microanalytic” method of the Reactor Safety Study. The first question asked is how likely it is that an accident as severe as that at Three Mile Island would occur if the Reactor Safety Study is correct. Using the most likely estimates, it is concluded that the chances are 1 in 80 that such an accident would occur this soon, …
The Energy Crisis And Macroeconomic Policy, William D. Nordhaus
The Energy Crisis And Macroeconomic Policy, William D. Nordhaus
Cowles Foundation Discussion Papers
No abstract provided.
The Alep Definition Of Complementarity And Least Concave Utility Functions, Yakar Kannai
The Alep Definition Of Complementarity And Least Concave Utility Functions, Yakar Kannai
Cowles Foundation Discussion Papers
The use of least concave utility functions describing a given concavifiable preference relation is suggested for determining the complementary vis-à-vis substitute nature of a pair of commodities.
Most Convex Functions Are Smooth, Roger Howe
Most Convex Functions Are Smooth, Roger Howe
Cowles Foundation Discussion Papers
No abstract provided.
Stochastic Games, Oligopoly Theory And Competitive Resource Allocation, Martin Shubik, Matthew J. Sobel
Stochastic Games, Oligopoly Theory And Competitive Resource Allocation, Martin Shubik, Matthew J. Sobel
Cowles Foundation Discussion Papers
We define discrete time sequential games which are multiperson Markov decision processes. The extant theory is sketched and compared with our assessment of research needs in dynamic models of oligopoly and other competitive resource allocation problems. A special class of economic survival games is noted.
Production Sets With Indivisibilities: Generalities And The Case Of Two Variables, Herbert E. Scarf
Production Sets With Indivisibilities: Generalities And The Case Of Two Variables, Herbert E. Scarf
Cowles Foundation Discussion Papers
No abstract provided.
A Strategic Market Game With Price And Quantity Strategies, Pradeep Dubey, Martin Shubik
A Strategic Market Game With Price And Quantity Strategies, Pradeep Dubey, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
On The Non-Existence Of Multiplicative Equilibrium Bidding Strategies, Richard Engelbrecht-Wiggans, Robert J. Weber
On The Non-Existence Of Multiplicative Equilibrium Bidding Strategies, Richard Engelbrecht-Wiggans, Robert J. Weber
Cowles Foundation Discussion Papers
Extensive use has been made of multiplicative bidding strategies in the literature relating to auctions of mineral leases. It is shown that, generally, multiplicative strategies are not in equilibrium. It is also established that an equilibrium bidding strategy is not a function merely of a sufficient statistic for the true value, or of any other of a class of related statistics, if an individual bidder observes more than one piece of information. The general insufficiency of a single simple statistic is briefly discussed and a special class of models is identified in which a single statistic is indeed strategically sufficient.
The Short-Run Macroeconomics Of Floating Exchange Rates: An Exposition, James Tobin, Jorge B. De Macedo
The Short-Run Macroeconomics Of Floating Exchange Rates: An Exposition, James Tobin, Jorge B. De Macedo
Cowles Foundation Discussion Papers
No abstract provided.
Price-Quantity Strategic Market Games, Pradeep Dubey
Price-Quantity Strategic Market Games, Pradeep Dubey
Cowles Foundation Discussion Papers
No abstract provided.
An Even More Elementary ‘Calculus’ Proof Of The Brouwer Fixed Point Theorem, Yakar Kannai
An Even More Elementary ‘Calculus’ Proof Of The Brouwer Fixed Point Theorem, Yakar Kannai
Cowles Foundation Discussion Papers
No abstract provided.
Full Information Estimates Of A Nonlinear Macroeconometric Model, Ray C. Fair, William R. Parke
Full Information Estimates Of A Nonlinear Macroeconometric Model, Ray C. Fair, William R. Parke
Cowles Foundation Discussion Papers
No abstract provided.
An Index Theorem For General Equilibrium Models With Production, Timothy J. Kehoe
An Index Theorem For General Equilibrium Models With Production, Timothy J. Kehoe
Cowles Foundation Discussion Papers
No abstract provided.
Value Theory Without Efficiency, Pradeep Dubey, Abraham Neyman, Robert J. Weber
Value Theory Without Efficiency, Pradeep Dubey, Abraham Neyman, Robert J. Weber
Cowles Foundation Discussion Papers
No abstract provided.
Cooperative Game Solutions: Australian, Indian And U.S. Opinions, Martin Shubik
Cooperative Game Solutions: Australian, Indian And U.S. Opinions, Martin Shubik
Cowles Foundation Discussion Papers
As part of several lectures the audience in Australia, India and the U.S. were asked how the gain from an agreed upon cooperation should be divided among three individuals. The responses are considered in the context of various cooperative solutions which have been suggested in the theory of games. More questions are raised than answered.
Market Induced Welfare Optima, Rolf R. Mantel
Market Induced Welfare Optima, Rolf R. Mantel
Cowles Foundation Discussion Papers
No abstract provided.
Subjectivity In The Valuation Of Games, Robert J. Weber
Subjectivity In The Valuation Of Games, Robert J. Weber
Cowles Foundation Discussion Papers
The recent axiomatic study of probabilistic values of games has clarified the relationship between various valuation methods and the players’ subjective perceptions of the coalition-formation process. This has important bearing upon the increasingly-common use of the Banzhaf value in measuring the apportionment of power among the players in voting games. The incompatibility of the players’ hypothesized subjective beliefs (under the Banzhaf valuation scheme) leads to the strange phenomenon of “pitfall” points (points of value discontinuity) in weighted majority games with several major players and an ocean of minor players. Such results argue against the use of the Banzhaf value (or …
Fiscal And Monetary Policies, Capital Formation, And Economic Activity, Willem H. Buiter, James Tobin
Fiscal And Monetary Policies, Capital Formation, And Economic Activity, Willem H. Buiter, James Tobin
Cowles Foundation Discussion Papers
No abstract provided.
Balance Of Payments And The Foreign Exchange Market: A Dynamic Partial Equilibrium Model, Pentti J.K. Kouri
Balance Of Payments And The Foreign Exchange Market: A Dynamic Partial Equilibrium Model, Pentti J.K. Kouri
Cowles Foundation Discussion Papers
No abstract provided.
An Estimate Of The Uncertainty Of Policy Effects In A Macro-Economic Model, Ray C. Fair
An Estimate Of The Uncertainty Of Policy Effects In A Macro-Economic Model, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
A Model Of Stochastic Equilibrium In A Quasi-Competitive Industry, John Sutton
A Model Of Stochastic Equilibrium In A Quasi-Competitive Industry, John Sutton
Cowles Foundation Discussion Papers
No abstract provided.
Finiteness And Inefficiency Of Nash Equilibria, Pradeep Dubey
Finiteness And Inefficiency Of Nash Equilibria, Pradeep Dubey
Cowles Foundation Discussion Papers
No abstract provided.
Nash Equilibria Of Market Games: Ii. Finiteness, Pradeep Dubey
Nash Equilibria Of Market Games: Ii. Finiteness, Pradeep Dubey
Cowles Foundation Discussion Papers
No abstract provided.
A Proposal For International Monetary Reform, James Tobin
A Proposal For International Monetary Reform, James Tobin
Cowles Foundation Discussion Papers
No abstract provided.
Equity, Efficiency And Increasing Returns, Donald J. Brown, Geoffrey M. Heal
Equity, Efficiency And Increasing Returns, Donald J. Brown, Geoffrey M. Heal
Cowles Foundation Discussion Papers
No abstract provided.
Multiplicative Bidding And Convergence To Equilibrium, Richard Engelbrecht-Wiggans
Multiplicative Bidding And Convergence To Equilibrium, Richard Engelbrecht-Wiggans
Cowles Foundation Discussion Papers
General equilibrium strategies may be relatively difficult to determine. While multiplicative strategies may be much simpler to calculate, they are not in general in equilibrium. An example shows that such strategies may indeed be quite far from equilibrium. However, if the example is iterated using Bayesian decision analysis, the strategies quickly converge to being very nearly in equilibrium.
The Optimal Payment Of Unemployment Insurance Benefits Over Time, Steven Shavell, Laurence Weiss
The Optimal Payment Of Unemployment Insurance Benefits Over Time, Steven Shavell, Laurence Weiss
Cowles Foundation Discussion Papers
No abstract provided.
Economics Among The Sciences, Tjalling C. Koopmans
Economics Among The Sciences, Tjalling C. Koopmans
Cowles Foundation Discussion Papers
No abstract provided.