The concept of coalition proof Nash equilibrium was introduced by Bernheim et al. [5]. In the present paper, we consider the representation problem for coalition proof Nash equilibrium: For a given ...

Let S: X → X, T: Y → Y be continuous maps of compact metrizable spaces, and let π: X → Y be a continuous surjection with π ⚬ S = T ⚬ π. We investigate the notion of relative pressure, which was ...

From industrial robots to self-driving cars, engineers face a common problem: keeping machines steady and predictable. When ...

We provide a microfoundation for the production function by using the concept of stochastic macro-equilibrium in Yoshikawa ("Stochastic Macro-equilibrium and Microfoundations for Keynesian Economics," ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange ...