LEADER 04310oam 22011414 450 001 9910825688103321 005 20240410162313.0 010 $a1-4623-3364-8 010 $a1-4527-9150-3 010 $a1-283-51256-4 010 $a1-4519-1015-0 010 $a9786613825018 035 $a(CKB)3360000000443493 035 $a(EBL)3012561 035 $a(SSID)ssj0000943219 035 $a(PQKBManifestationID)11550391 035 $a(PQKBTitleCode)TC0000943219 035 $a(PQKBWorkID)10975191 035 $a(PQKB)11699115 035 $a(OCoLC)568151358 035 $a(IMF)WPIEE2006302 035 $a(MiAaPQ)EBC3012561 035 $a(EXLCZ)993360000000443493 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aOn Myopic Equilibria in Dynamic Games with Endogenous Discounting /$fWilko Bolt, Alexander Tieman 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (18 p.) 225 1 $aIMF Working Papers 300 $a"December 2006." 311 $a1-4518-6562-7 320 $aIncludes bibliographical references (p. 16). 327 $a""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"" 330 3 $aThis paper derives an equilibrium for a competitive multi-stage game in which an agents' current action influences his probability of survival into the next round of play. This is directly relevant in banking, where a banks' current lending and pricing decisions determines its future probability of default. In technical terms, our innovation is to consider a multi-stage game with endogenous discounting. An equilibrium for such a multi-stage game with endogenous discounting has not been derived before in the literature. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/302 606 $aGame theory 606 $aCompetition$xMathematical models 606 $aEquilibrium (Economics) 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aMacroeconomics$2imf 606 $aEnvironmental Economics$2imf 606 $aPrice Level$2imf 606 $aInflation$2imf 606 $aDeflation$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aEnvironmental Economics: General$2imf 606 $aFinance$2imf 606 $aBanking$2imf 606 $aEnvironmental economics$2imf 606 $aAsset prices$2imf 606 $aCompetition$2imf 606 $aEnvironment$2imf 606 $aPrices$2imf 606 $aBanks and banking$2imf 606 $aEnvironmental sciences$2imf 615 0$aGame theory. 615 0$aCompetition$xMathematical models. 615 0$aEquilibrium (Economics) 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aMacroeconomics 615 7$aEnvironmental Economics 615 7$aPrice Level 615 7$aInflation 615 7$aDeflation 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aEnvironmental Economics: General 615 7$aFinance 615 7$aBanking 615 7$aEnvironmental economics 615 7$aAsset prices 615 7$aCompetition 615 7$aEnvironment 615 7$aPrices 615 7$aBanks and banking 615 7$aEnvironmental sciences 700 $aBolt$b Wilko$01670083 701 $aTieman$b Alexander$01636990 712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910825688103321 996 $aOn Myopic Equilibria in Dynamic Games with Endogenous Discounting$94058415 997 $aUNINA