http://sfb649.wiwi.hu-berlin.de/fedc/events/juniorworkshop/material/heinemann2_spec_attacks_and_global_games.pdf WebMultiplicity. We find that multiple equilibria can exist in our dynamic game under the same conditions on the precision of exogenous private and public information that would guarantee uniqueness in the static benchmark that is the backbone of most recent applications of global games (Morris and Shin, 1998, 2001, 2003).
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WebGlobal Games 14.126 Game Theory Muhamet Yildiz Road map 1. Theory 1. 2 x 2 Games (Carlsson and van Damme) 2. Continuum of players (Morris and Shin) 3. General supermodular games (Frankel, Morris, and Pauzner) 2. Applications 1. Currency attacks 2. Bank runs 1 . Motivation Webbone of most recent applications of global games (Morris and Shin (1998, 2001, 2003)). Multiplicity originates in the interaction between the endoge-nous learning induced by the … paymanager google search
[PDF] Global Games: Theory and Applications - Semantic Scholar
WebJan 1, 2024 · Based on the latter feature, CvD dubbed such games ‘global games’. It turns out that there is a unique equilibrium in the game with a small amount of noise. This uniqueness remains no matter how small the noise is and is independent of the distribution of the noise. ... Morris, S. and Shin, H.S. 2003. Global games: theory and applications ... WebStephen Morris & Hyun Song Shin, 2000. "Global Games: Theory and Applications," Cowles Foundation Discussion Papers 1275R, Cowles Foundation for Research in Economics, Yale University, revised Aug 2001. Stephen Morris & Hyun S Shin, 2001. "Global Games: Theory and Applications," Levine's Working Paper Archive … Weband Morris and Shin, 2016). Our paper is concerned with a third dimension to the debate, to do with liquidity ... Our global game model highlights the countervailing e⁄ects. Overall assessments of the –nancial stability consequences of cash hoarding are sub-ject to a number of caveats. First, the scope of our paper is limited to the sales and paymanager ddo rajasthan government