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Keywords:Game theory 

Working Paper
Financing, commitment and entry deterrence

Working Papers , Paper 87-8

Working Paper
If at first you don't succeed: an experimental investigation of the impact of repetition options on corporate takeovers

This paper models, and experimentally simulates, the free-rider problem in a takeover when the raider has the option to ?resolicit,? that is, to make a new offer after an offer has been rejected. In theory, the option to resolicit, by lowering offer credibility, increases the dissipative losses associated with free riding. In practice, the outcomes of our experiment, while quite closely tracking theory in the effective absence of an option to resolicit, differed dramatically from theory when a significant probability of resolicitation was introduced: The option to resolicit reduced the costs ...
FRB Atlanta Working Paper , Paper 2000-9

Report
Dynamic games with hidden actions and hidden states

We consider a class of dynamic games in which each player?s actions are unobservable to the other players and each player?s actions can influence a state variable that is unobservable to the other players. We develop an algorithm that solves for the subset of sequential equilibria in which equilibrium strategies depend on private information only through the privately observed state.
Staff Report , Paper 254

Journal Article
Game strategy in fiscal straits: When government debts become large, lessons of game theory might help avoid a crisis

Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2012/q4/feature4_weblinks.cfm
Econ Focus , Volume 16 , Issue 4Q , Pages 24-28

Working Paper
On policy interactions among nations: when do cooperation and commitment matter?

This paper offers a framework to study commitment and cooperation issues in games with multiple policymakers. To reconcile some puzzles in the recent literature on the nature of policy interactions among nations, we prove that games characterized by different commitment and cooperation schemes can admit the same equilibrium outcome if certain spillover effects vanish at the common solution of these games. We provide a detailed discussion of these spillovers, showing that, in general, commitment and cooperation are nontrivial issues. Yet in linear-quadratic models with multiple policymakers, ...
FRB Atlanta Working Paper , Paper 2008-05

Working Paper
Protection and retaliation: changing the rules of the game

An examination of the macroeconomic, political, and institutional environment of the 1930s and the 1980s suggests a set of stylized facts associated with periods of trade tension and incidents of trade retaliation. Periods of macroeconomic stress precipitate changes in the conduct of and implementation of U.S. trade policy, which then can lead to escalating trade tension, protectionist measures, and perhaps retaliation. Macroeconomic stress, especially when linked to external events, decreases the political benefits of following a liberal trade policy and changes the economic consequences of ...
International Finance Discussion Papers , Paper 309

Working Paper
Games with synergistic preferences

In economic situations a player often has preferences regarding not only his or her own outcome but also regarding what happens to fellow players, concerns that are entirely apart from any strategic considerations. While this can be modeled directly by simply writing down a player's final preferences, these are commonly unknown a priori. In many cases it is therefore both helpful and instructive to explicitly model these interactions. This paper, building on a model due to Bergstrom (1989, 1999), presents a simple structure in the context of game theory that incorporates the "synergies" ...
Working Papers , Paper 11-15

Working Paper
Bargaining a monetary union

FRB Atlanta Working Paper , Paper 94-4

Conference Paper
Money, deficit and public debt: an empirical investigation

Proceedings

Conference Paper
Noncooperative monetary policies in interdependent economies: time consistency and reputation

Proceedings

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Cole, Harold L. 4 items

Jamison, Julian 4 items

Kocherlakota, Narayana R. 3 items

Allen, Beth 2 items

Bech, Morten L. 2 items

Gillette, Ann B. 2 items

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