Two-sided altruism and signaling

Two-Sided Altruism in an OLG Model with Incomplete Markets and Default*

This paper shows the existence of equilibrium and its non-triviality (i.e. there exist, in all periods, both trade and default in the security markets) in an overlapping generation model with incomplete markets. This result is obtained by assuming that agents in the economy exhibit two-sided altruism in the following way: each agent may leave a financial inheritance to his only offspring (forwa...

Learned Convention and Subgame Perfect Equilibrium in an Overlapping Generations Model with Two-Sided Altruism

This paper considers an overlapping generations model of endogenous fertility, savings and intergenerational transfers. While subgame perfect equilibrium notion is more relevent to analyze individual incentives in this set-up, due to computational complexity and lack of an appropriate equilibrium selection theory, most previous studies employed the open-loop Nash equilibrium. This paper introdu...

two- sided power distribution

In this paper, a new family of distributions with many applications in financial engineering have been introduced. This distribution contains important statistical distributions such as the triangular, exponential and uniform distribution. Initially considered a special case of this distribution And then survey The important features of it. How to calculate maximum likelihood estimates are pres...

Linear preservers of two-sided matrix majorization

For vectors X, <span style="fon...

One - sided Versus Two - sided Error in