File Download
  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Solution of multi-player linear-quadratic alternating-move games and its application to the timing pattern of wage adjustment

TitleSolution of multi-player linear-quadratic alternating-move games and its application to the timing pattern of wage adjustment
Authors
Lau, SHP
KeywordsAlternating moves
Multi-player
Pattern of wage adjustment
Issue Date2002
PublisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=0927-7099
Citation
Computational Economics, 2002, v. 19 n. 3, p. 341-357 How to Cite?
DOI: http://dx.doi.org/10.1023/A:1015568516528
AbstractIn order to analyze a multi-player linear-quadratic alternating-move dynamic game, this paper develops a solution method by making use of the similar structure of this game and a simultaneous-move dynamic game with alternating payoff functions. It then applies the method to investigate whether staggered or synchronized wage adjustment will be preferred when more than two wage setters interact strategically and dynamically. The results suggest that the strategic benefit provided by staggered wage adjustment is robust with respect to the number of sectors in the economy.
Persistent Identifierhttp://hdl.handle.net/10722/54349
ISSN
0927-7099
2023 Impact Factor: 1.9
2023 SCImago Journal Rankings: 0.498

 

DC FieldValueLanguage
dc.contributor.authorLau, SHPen_HK
dc.date.accessioned2009-04-03T07:44:08Z-
dc.date.available2009-04-03T07:44:08Z-
dc.date.issued2002en_HK
dc.identifier.citationComputational Economics, 2002, v. 19 n. 3, p. 341-357en_HK
dc.identifier.issn0927-7099en_HK
dc.identifier.urihttp://hdl.handle.net/10722/54349-
dc.description.abstractIn order to analyze a multi-player linear-quadratic alternating-move dynamic game, this paper develops a solution method by making use of the similar structure of this game and a simultaneous-move dynamic game with alternating payoff functions. It then applies the method to investigate whether staggered or synchronized wage adjustment will be preferred when more than two wage setters interact strategically and dynamically. The results suggest that the strategic benefit provided by staggered wage adjustment is robust with respect to the number of sectors in the economy.en_HK
dc.languageengen_HK
dc.publisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=0927-7099en_HK
dc.relation.ispartofComputational Economicsen_HK
dc.rightsThe original publication is available at www.springerlink.comen_HK
dc.subjectAlternating movesen_HK
dc.subjectMulti-playeren_HK
dc.subjectPattern of wage adjustmenten_HK
dc.titleSolution of multi-player linear-quadratic alternating-move games and its application to the timing pattern of wage adjustmenten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0927-7099&volume=19&issue=3&spage=341&epage=357&date=2002&atitle=Solution+of+multi-player+linear-quadratic+alternating-move+games+and+its+application+to+the+timing+pattern+of+wage+adjustmenten_HK
dc.identifier.emailLau, SHP: laushp@hkucc.hku.hken_HK
dc.identifier.authorityLau, SHP=rp01073en_HK
dc.description.naturepostprinten_HK
dc.identifier.doi10.1023/A:1015568516528en_HK
dc.identifier.scopuseid_2-s2.0-84867973962en_HK
dc.identifier.hkuros71484-
dc.identifier.volume19en_HK
dc.identifier.issue3en_HK
dc.identifier.spage341en_HK
dc.identifier.epage357en_HK
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridLau, SHP=7401596159en_HK
dc.identifier.issnl0927-7099-

Export via OAI-PMH Interface in XML Formats

OR

Export to Other Non-XML Formats