04290oam 22011294 450 991078841710332120230828232705.01-4623-3364-81-4527-9150-31-283-51256-41-4519-1015-09786613825018(CKB)3360000000443493(EBL)3012561(SSID)ssj0000943219(PQKBManifestationID)11550391(PQKBTitleCode)TC0000943219(PQKBWorkID)10975191(PQKB)11699115(OCoLC)568151358(MiAaPQ)EBC3012561(IMF)WPIEE2006302(EXLCZ)99336000000044349320020129d2006 uf 0engur|n|---|||||txtccrOn Myopic Equilibria in Dynamic Games with Endogenous Discounting /Wilko Bolt, Alexander TiemanWashington, D.C. :International Monetary Fund,2006.1 online resource (18 p.)IMF Working Papers"December 2006."1-4518-6562-7 Includes bibliographical references (p. 16).""Contents""; ""I Introduction""; ""II Defining the multi-stage game with endogenous discounting""; ""III Equilibrium analysis""; ""IV Finite horizon and equilibrium selection""; ""V An illustrative example""; ""VI Discussion and concluding remarks""; ""Appendix""; ""References""This paper derives an equilibrium for a competitive multi-stage game in which an agents' current action influences his probability of survival into the next round of play. This is directly relevant in banking, where a banks' current lending and pricing decisions determines its future probability of default. In technical terms, our innovation is to consider a multi-stage game with endogenous discounting. An equilibrium for such a multi-stage game with endogenous discounting has not been derived before in the literature.IMF Working Papers; Working Paper ;No. 2006/302Game theoryCompetitionMathematical modelsEquilibrium (Economics)Banks and BankingimfFinance: GeneralimfMacroeconomicsimfEnvironmental EconomicsimfPrice LevelimfInflationimfDeflationimfGeneral Financial Markets: General (includes Measurement and Data)imfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfEnvironmental Economics: GeneralimfFinanceimfBankingimfEnvironmental economicsimfAsset pricesimfCompetitionimfEnvironmentimfPricesimfBanks and bankingimfEnvironmental sciencesimfGame theory.CompetitionMathematical models.Equilibrium (Economics)Banks and BankingFinance: GeneralMacroeconomicsEnvironmental EconomicsPrice LevelInflationDeflationGeneral Financial Markets: General (includes Measurement and Data)BanksDepository InstitutionsMicro Finance InstitutionsMortgagesEnvironmental Economics: GeneralFinanceBankingEnvironmental economicsAsset pricesCompetitionEnvironmentPricesBanks and bankingEnvironmental sciencesBolt Wilko1532159Tieman Alexander1485174International Monetary Fund.Monetary and Capital Markets Dept.DcWaIMFBOOK9910788417103321On Myopic Equilibria in Dynamic Games with Endogenous Discounting3802307UNINA