A regulatory arbitrage game: Off-balance-sheet leverage and financial fragility

Autor: Dimitris Voliotis

Publikováno v: Journal of Mechanism and Institution Design, Vol 7, Iss 1, Pp 131-150 (2022)

This study examines a simple banking system in a game-theoretic framework wherein banks act as self-interested agents to maximize leverage at the expense of overall financial stability. The resultant strategic inefficiency raises concerns about how b

Externí odkaz: https://doaj.org/article/72322b2fdaac4f9b8fb1e0b2d51c82b1

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The Logit-Response Dynamics

Autor: Nick Netzer, Carlos Alós-Ferrer

We develop a characterization of stochastically stable states for the logit-response learning dynamics in games, with arbitrary specification of revision opportunities. The result allows us to show convergence to the set of Nash equilibria in the cla

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bb8ba1b118a2714856fc147e0713dde0
http://www.twi-kreuzlingen.ch/uploads/tx_cal/media/TWI-RPS-028-Alos-Ferrer-Netzer-2008-06.pdf

A Class of Best-Response Potential Games

Autor: D. Dragone, L. Lambertini, A. Palestini

Publikováno v: Dragone, Davide ; Lambertini, Luca ; Palestini, Arsen (2008) A Class of Best-Response Potential Games. Bologna: Dipartimento di Scienze economiche DSE, p. 16. DOI 10.6092/unibo/amsacta/4612 . In: Quaderni-Working Paper DSE (635). ISSN 2282-6483.

We identify a class of noncooperative games in continuous strategies which are best-response potential games. We identify the conditions for the existence of a best-response potential function and characterize its construction, describing then the ke

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::90781e2b420ce3f1e12dbf8a4384bfdc

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