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This paper develops a theory to illustrate the relationship between the profitability of firms producing along the value chain and the sequential production stages. Using a bilateral monopoly framewor...
近日,理论经济学领域的国际顶级期刊Journal of Economic Theory(《经济理论杂志》)2022年第4期正式发表孙祥教授以本中心为第一作者单位的论文“Robust perfect equilibrium in large games”(《超大规模博弈中的稳健完美均衡》)。
上海财经大学微观经济学课件Chapter 28 Game Theory
The Guanghua School of Management and Center for Statistical Science, Peking University are pleased to announce that the 13th International Symposium on Econometric Theory and Applications (SETA 2017)...
The article examines mechanism of bid price determination in public procurement by individual tenderers. A game theory approach is used to analyse this process. Firstly, a simple model with two firms ...
The aim of this paper is to critically assess Austrian Business Cycle (ABC) theory. Its foundation was laid in Theory of Money and Credit (1912) by Ludwig von Mises, which F. A. Hayek elaborated in mo...
Traditional model of management is based on hierarchical decomposition of organizational structure. Company is divided on workroom, union, partitions and every formation of his has independent agenda ...
Why do we observe overbidding in first price private value auctions? This paper aims to answer this question, which has been extensively studied in the literature, from a nonstandard point of view...
We present a model where special interest groups condition contributions on the receiving candidate’s support and also her opponent’s. This allows interest groups to obtain support from contribution...
Asymmetric awareness of the contracting parties regarding the uncertainty surrounding them is proposed as a reason for incompleteness in contractual forms. An insurance problem is studied between a ...
There is a large literature on why countries choose to issue debt rather than financing expenditures by current taxation. If Ricardian Equivalence holds and taxes are non-distortionary,then it doesn’t...
One of the more important questions in the area of quantitative economic policy concerns the suitability of optimal control theory for economic stabilization problems. Despite extensive theoretical ...
During the past decade the theoretical framework underlying macroeconomic stabilization analysis has undergone a number of significant developments. Theories designed to explain the crucial linkage ...
Economic Theory, Model Size, and Model Purpose.
The non-stochastic model which is the focus of discussion in Part I of the book consists of three assets (money, government bonds, and equities) and three sectors (households, firms, and government)...

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