equilibrium theory
Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia
White Paper In equilibrium for the model economy, the banking system becomes progressively more fragile under imperfect prudential regulation and public sector loan guarantees until a crisis occurs with an expected reversal of capital flows. [03 Jul 2008]
Using Game Theory to Analyze Wireless Ad Hoc Networks
White Paper This allows the analysis of existing protocols and resource management schemes, as well as the design of equilibrium-inducing mechanisms that provide incentives for individual users to behave in socially-constructive ways. [03 Sep 2007]
Leveraging Forward Link for Regulation of Distributed Reverse Link CDMA
White Paper Using concepts from game theory, it shows that it is possible to construct a game in which the socially optimal rate allocation arises as a subgame perfect Nash equilibrium. The authors further show that this equilibrium can be achieved via a... [08 Nov 2006]
Game Theoretic Approach to Power Control in Cellular CDMA
White Paper A detailed analysis for the existence and uniqueness of Nash equilibrium for the above non-cooperative game is presented. This paper presents the power control problem in CDMA wireless data networks in the analytical setting of non-cooperative game... [26 Jul 2005]
Big Push Industrialization: Some Empirical Evidence for East Asia and Eastern Europe
White Paper They also suggest that government policy may have played a role in moving an economy from a "bad" to a "good" equilibrium. The preliminary results reported in this paper are generally supportive of the theory. [25 May 2005]
Banking and Markets
White Paper This paper integrates a number of recent themes in the literature on banking and asset markets optimal risk sharing, limited market participation, asset-price volatility, market liquidity and financial crises in a general equilibrium theory of the... [25 Feb 2004]
Pricing Systemic Crises: Monetary and Fiscal Policy when Savers are Uncertain
White Paper We determine equilibrium investment using the modern theory of Knightian uncertainty, that is, decision-making with multiple subjective prior distributions, which shows that savers will act to maximize their minimum payoff in the presence of... [25 Feb 2004]
A Theory of Negotiations and Formation of Coalitions
White Paper The theory yields a unique stationary perfect equilibrium outcome the negotiation value and provides a unified framework that selects an economically intuitive solution and endogenous coalition structure. [25 Feb 2004]
Public Trust and Government Betrayal
White Paper In these good equilibria, households trust the government and the government does not betray this trust because a deviation by the government causes a reversion to a worse equilibrium. Much of the theory on credible government policy concerns... [25 Feb 2004]
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