Archives for CORE

Information Transmission in Hierarchies Simon Schopohl, CORE& Bielefeld University We analyze a game in which players with unique information are arranged in a hierarchy. In the lowest layer each player can decide in each of several rounds either to pass the information to his successor or...

Tatonnements for Cobb-Douglas economy based on the power method Vladimir Shikhman, Technical University of Chemnitz We consider the general economy with agents maximizing Cobb-Douglas utilities from the algorithmic perspective. It is known that finding equilibrium prices reduces to an...

Asymptotic Properties of Approximate Bayesian Computation Christian ROBERT, Université Paris Dauphine Joint with David T. Frazier, Gael M. Martin, and Christian P. Robert Judith Rousseau. Approximate Bayesian computation (ABC) is becoming an accepted tool for statistical analysis in models...

Do Misperceptions about Demand Matter? Theory and Evidence Céline Poilly, AMSE Joint with Kenza Benhima In this paper, we assess theoretically and empirically the consequences of demand misperceptions. To this end, we develop a New Keynesian model with dispersed information where...