Title:Stochastic Stability in Binary Choice Coordination Games
Author(s):STAUDIGL, MathiasDate:2011Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:Recent literature in evolutionary game theory is devoted to the question of robust equilibrium selection under noisy best-response dynamics. In this paper we present a complete picture of equilibrium selection for asymmetric ...
Title:Stock Prices and Economic Fluctuations: A Markov Switching Structural Vector Autoregressive Analysis
Author(s):LANNE, Markku; LUETKEPOHL, HelmutDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The role of expectations for economic fluctuations has received
considerable attention in recent business cycle analysis. We exploit Markov
regime switching models to identify shocks in cointegrated structural vector ...
Title:Strategic Bidding in Multi-unit Auctions with Capacity Constrained Bidders: The New York capacity market
Author(s):SCHWENEN, SebastianDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper employs a simple model to describe bidding behavior in multi-unit uniform price procurement auctions when firms are capacity constrained. Using data from the New York City capacity auctions, I find that capacity ...
Title:Strategic Campaigning with Vote and Turnout Buying: Theory and evidence
Author(s):CASAS, AgustinDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:In this paper, I model the relationship between potential voters and a politician, who can pay citizens to vote for him – vote buying – or to show up to vote – turnout buying. This model is used to explore the optimal ...
Title:Strategic Mass Killings
Author(s):ESTEBAN, Joan; MORELLI, Massimo; ROHNER, DominicDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Since World War II there have been about fifty episodes of large-scale mass killings of civilians and massive forced displacements. They were usually meticulously planned and independent of military goals. We provide a ...
Title:Strategic Wage Bargaining, Labor Market Volatility and Persistence
Author(s):HERTWECK, Matthias S.Date:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper modifies the standard Mortensen-Pissarides job matching model in order
to explain the cyclical behavior of vacancies and unemployment. The modifications include
strategic wage bargaining (Hall and Milgrom, ...
Title:A Structural Solution to Roaming in Europe
Author(s):SHORTALL, TonyDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper suggests that international roaming markets suffer from structural flaws in the way that
roaming agreements are established in Europe. The initial roaming interventions by the European
Commission in 2007 have ...
Title:Structural Vector Autoregressions with Markov Switching
Author(s):LANNE, Markku; LUETKEPOHL, Helmut; MACIEJOWSKA, KatarzynaDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Abstract. It is argued that in structural vector autoregressive (SVAR) analysis a Markov regime switching (MS) property can be exploited to identify shocks if the reduced form error covariance matrix varies across regimes. ...
Title:The Structure of Multiple Credit Relationships: Evidence from US Firm
Author(s):GUISO, Luigi; MINNETTI, RaulDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:When firms borrow from multiple concentrated creditors such as banks they appear
to differentiate their allocation of borrowing. In this paper, we put forward
hypotheses for this borrowing pattern based on incomplete ...
Title:The Structure of the Lattices of Pure Strategy Nash Equilibria of Binary Games of Strategic Complements
Author(s):RODRIGUEZ BARRAQUER, TomasDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:It has long been established in the literature that the set of pure strategy Nash equilibria of any binary game of strategic complements among a set N of players can be seen as a lattice on the set of all subsets of N under ...