strategic complementarity
Strategic Complementarity, Fragility, and Regulation
... of strategic complementarity depends on the balance sheet composition of a financial intermediary, parameters of the information structure of investors (precisions of public and private information), and ...
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Bayesian Expectations and Strategic Complementarity: Implications for Macroeconomic Stability
... This paper examines the heterogeneous market in which economic agents of different information-processing abilities interact. In the theoretical framework, the market is composed of three different types of agents, ...
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Strategic complementarity and substitutability without transitive indifference
... from strategic complementarity or substitutability when the preferences are defined by binary relations such that incomparability need not be ...with strategic complementarities was started in a ...
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House price momentum and strategic complementarity
... resulting strategic complementarity amplifies frictions that generate sluggish price adjustment because sellers adjust their price gradually to stay near the ...
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Strategic complementarity, fragility, and regulation
... The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is an important determinant of fragility. It is shown how the ...
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Costly Information, Planning Complementarity and the New Keynesian Phillips Curve
... processing, strategic complementarity in pricing, by generating planning complementatrities, results in the aggregate price responding slowly to nom- inal shocks even though individual firm prices change by ...
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Firm-Specific Labor and Firm-Specific Capital: Implications for the Euro-Data New Phillips Curve
... As argued by Woodford (2003), allowing for firm-specific labor implies a higher degree of strategic complementarity between price setters, which, everything else equal, translates into a s[r] ...
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Real rigidities and optimal stabilization at the Zero Lower Bound in New Keynesian economies
... expect strategic complementarity to play a smaller role in the price setting ...about strategic complementarity is true, we should expect larger swings in in‡ation, smaller volatility in real ...
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Trade openness and inflation: The role of real and nominal price rigidities
... of strategic complementarity in price-setting decisions and the variability of desired prices, all of which influence firms’ incentives to adjust their ...
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Animal Spirits in Entrepreneurial Innovation: Theory and Evidence
... The strategic complementarity across the two main actors of the innovation process magni…es the initial e¤ect of the shock and gives rise to what is usually referred to as a multiplier ...
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Trade Openness and Inflation: the Role of Real and Nominal Price Rigidities
... of strategic complementarity in firms’ price-setting decisions, domestic inflation depends not only on domestic real marginal cost but also on the ratio of the prices of imported goods to the prices of ...
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The Complementarity Effect for Cdc25 Phosphatase Inhibitors
... We measured the distances between the R groups of naphthoquinones, and those side chains of amino acids making up the active site and possibly other groups the main chain of the enzyme responsible for interaction (which ...
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Complementarity, F score, and NLP Evaluation
... that complementarity between systems performing temporal relation extraction – a re- siliently difficult NLP problem – does not indicate particu- larly deficient systems, but rather provides hints as to which ...
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Multi person Bargaining With Complementarity: Is There Holdout?
... the complementarity intrinsic to such a setup and ...of complementarity, a bargaining protocol that is symmetric and allows for both secret, as well as publicly observable offers, and strategies that allow ...
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Learning Set Functions with Limited Complementarity
... Breaking the task down. As observed by Balcan and Har- vey (Balcan and Harvey 2011), the task of learning submod- ular set functions can be divided into two parts: learning 0’s of the function, and learning the ...
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Money, «Laissez Faire» and the Underground Economy
... Abstract. An argument connecting human capital theory with the `weak version' of the signaling hypothesis, is advanced initially. It is an argument that helps methodologically the derivation of a work-incentives view of ...
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On the nonlinear implicit complementarity problem
... On some nonlinear quasivariational inequalities and implicit complementarity problems in stochastic control theory, In: R.W.. Giannessi and J.L.[r] ...
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Complementarity in nuclear structure studies
... Nuclei lying on or near the valley of stability can typ- ically be studied by the variety of techniques mentioned above so that a large complementary set of data can be ob- tained. The c[r] ...
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Spatial complementarity and the coexistence of species
... Our simulation study of spatial coexistence has combined existing theory into a common framework and described for the first time a previously unrecognised triadic mechanism whereby multiple species can co-occur in ...
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Existence theorems for the implicit complementarity problem
... MOSCO, U., On some nonlinear quasi-variational inequalities and implicit complementarity problems in stochastic control theory, Variational Inequalities and omplementarity Problem_s.. Th[r] ...
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