International Real Estate Review

2016 ◽  
Vol 19 (4) ◽  
pp. 411-434
Author(s):  
Su Chan ◽  
◽  
Ko Wang ◽  
Jing Yang ◽  
◽  
...  
Keyword(s):  
Risk Factors ◽  
Interest Rate ◽  
Real Estate ◽  
Numerical Analyses ◽  
Theoretic Model ◽  
Equity Financing ◽  
Game Theoretic ◽  
Game Theoretic Model

In this study, we use a simple 2-period game theoretic model to determine a mutually acceptable interest rate for a construction loan. This mutually acceptable interest rate is the rate that makes a developer indifferent between using 100% equity financing and a construction loan. It is also the highest interest rate that a developer is willing to pay and a bank is willing to lend. The three risk factors identified in the model are the loss, leverage and first-phase loan ratios. Our analytical and numerical analyses indicate that the derived mutually acceptable interest rate has desirable properties as the rate increases with an increase in the three identified risk factors.

Stability in the informal value transfer systems: norms of trust or institutions of control?

2017 ◽  
pp. 120-130
Author(s):  
A. Lyasko
Keyword(s):  
Social Control ◽  
Institutional Economics ◽  
Theoretic Model ◽  
Transfer System ◽  
Value Transfer ◽  
Partner Interaction ◽  
Game Theoretic ◽  
Game Theoretic Model ◽  
Informal Value Transfer System

Informal financial operations exist in the shadow of official regulation and cannot be protected by the formal legal instruments, therefore raising concerns about the enforcement of obligations taken by their participants. This paper analyzes two alternative types of auxiliary institutions, which can coordinate expectations of the members of informal value transfer systems, namely attitudes of trust and norms of social control. It offers some preliminary approaches to creating a game-theoretic model of partner interaction in the informal value transfer system. It also sheds light on the perspectives of further studies in this area of institutional economics.

Hollywood’s Movie Production Companies in Game Theoretic Model

2020 ◽  
Author(s):  
Nargiz Mammadova ◽  
Aygun Malikova ◽  
Arzu Heydarova
Keyword(s):  
Theoretic Model ◽  
Game Theoretic ◽  
Game Theoretic Model

Augmenting Employees’ Efforts in Innovation

2021 ◽  
pp. 097674792198917
Author(s):  
Nikita Jain
Keyword(s):  
Theoretic Model ◽  
Wrongful Discharge ◽  
Equilibrium Level ◽  
Game Theoretic ◽  
Game Theoretic Model ◽  
The Impact

Strong labour laws play a major role in motivating innovation among employees. It has been found in the literature that stringency of labour laws is positively linked with employees’ efforts in innovation, in particular, wrongful discharge laws (WDL). However, employees may also bring nuisance suits against employers. Usually, the result of these suits is that both parties settle with each other. Thus, even if employees are justly dismissed, they may be able to bring nuisance suits against employers and gain a settlement amount. This article investigates how the possibility of nuisance suits affects the impact of WDL on employees’ efforts in innovation. In this respect, a game-theoretic model is developed in the article to find the equilibrium level of employees’ efforts in the presence of nuisance suits, where there is a possibility of employees getting discharged from the firm. I find that if nuisance suits are a possibility, the stringency of WDL has no impact on employees’ efforts if defence cost of the firm is low; but for higher defence costs, WDL affects employees’ efforts. The efforts exerted by an employee are found to be weakly increasing in the defence costs of the firm.

scholarly journals Formalization and study of the game-theoretic model of the optimal distribution of workers in enterprises

2019 ◽  
Vol 1399 ◽  
pp. 033095
Author(s):  
Irina Zaitseva ◽  
Tatiana Svechinskaya ◽  
Vladimir Zakharov ◽  
Natalia Zakharova ◽  
Andrey Murashko
Keyword(s):  
Theoretic Model ◽  
Optimal Distribution ◽  
Game Theoretic ◽  
Game Theoretic Model
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