| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1846 |
| DP1846 Bankers' Versus Workers' Europe (I): Adverse Selection in EMU | |
| Paolo Manasse; laura bottazzi | |
| 发表日期 | 1998-03-31 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | An economy consists of many duopolistic markets. Firms must earn normal profits in the long run if they are to survive. Normal profits are interpreted as the long-run limit of average profits in the whole economy. We adopt the aspiration based model of firm behaviour, and link it to the economy with the requirement that in the long run the profit aspiration must be at least as great as normal profits. We assume that the joint profits can be maximized with symmetric payoffs, and with very few other assumptions are able to show that the (almost) global attractor is the cooperative outcome. |
| 主题 | Industrial Organization |
| 关键词 | Aspirations Average Evolution Learning |
| URL | https://cepr.org/publications/dp1846 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530986 |
| 推荐引用方式 GB/T 7714 | Paolo Manasse,laura bottazzi. DP1846 Bankers' Versus Workers' Europe (I): Adverse Selection in EMU. 1998. |
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