BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//CREST - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:CREST
X-ORIGINAL-URL:https://crest.science
X-WR-CALDESC:Events for CREST
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20220327T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20221030T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20220620T121500
DTEND;TZID=Europe/Helsinki:20220620T133000
DTSTAMP:20260711T170707
CREATED:20220329T072225Z
LAST-MODIFIED:20220613T062556Z
UID:13543-1655727300-1655731800@crest.science
SUMMARY:Dana GALIZIA (Carlton University) "Dynamic Cooper and John Economies: The Role of Coordination Failures and Accumulation in Equilibrium Emergent Phenomena"
DESCRIPTION:The Macroeconomics Seminar:\nTime: 12:15 pm – 13:30 pm\nDate: 20 th of June 2022 \nRoom 3001 \nDana GALIZIA (Carlton University) “Dynamic Cooper and John Economies: The Role of Coordination Failures and Accumulation in Equilibrium Emergent Phenomena” \nAbstract : We study the type of equilibria that emerges when one increases the level of interactions between agents in a dynamic extension of the Cooper & John model. In the model\, agents choose an action that accumulates into one or more stocks. The payoff function depends not only on an agent’s own private action and stock(s)\, but also possibly on the aggregate action. Two features of the payoff function are relevant: how the levels of the private stocks affect the marginal values of private actions; and how aggregate actions impact the marginal values of private actions and stocks (i.e.\, the nature of strategic interactions). Depending on these properties\, we show how interactions can produce hysteresis\, limit cycles\, and indeterminacy. \nOrganizers:\nOlivier LOISEL (CREST) \nSponsors:\nCREST \n
URL:https://crest.science/event/dana-galizia-carlton-university-t-b-a/
CATEGORIES:Macroeconomics
ATTACH;FMTTYPE=:
END:VEVENT
END:VCALENDAR