On Myopic Equilibria in Dynamic Games with Endogenous Discounting / / Wilko Bolt, Alexander Tieman
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| Autore: |
Bolt Wilko
|
| Titolo: |
On Myopic Equilibria in Dynamic Games with Endogenous Discounting / / Wilko Bolt, Alexander Tieman
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (18 p.) |
| Soggetto topico: | Game theory |
| Competition - Mathematical models | |
| Equilibrium (Economics) | |
| Banks and Banking | |
| Finance: General | |
| Macroeconomics | |
| Environmental Economics | |
| Price Level | |
| Inflation | |
| Deflation | |
| General Financial Markets: General (includes Measurement and Data) | |
| Banks | |
| Depository Institutions | |
| Micro Finance Institutions | |
| Mortgages | |
| Environmental Economics: General | |
| Finance | |
| Banking | |
| Environmental economics | |
| Asset prices | |
| Competition | |
| Environment | |
| Prices | |
| Banks and banking | |
| Environmental sciences | |
| Altri autori: |
TiemanAlexander
|
| Note generali: | "December 2006." |
| Nota di bibliografia: | Includes bibliographical references (p. 16). |
| Nota di contenuto: | ""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"" |
| Sommario/riassunto: | 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. |
| Titolo autorizzato: | On Myopic Equilibria in Dynamic Games with Endogenous Discounting |
| ISBN: | 1-4623-3364-8 |
| 1-4527-9150-3 | |
| 1-283-51256-4 | |
| 1-4519-1015-0 | |
| 9786613825018 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788417103321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/302