This dissertation proposes a novel approach for modeling and analyzing imperfect enterprise models. Based on this approach, enterprise models can include imperfect information and enterprise analysis might be performed on ...

This paper investigates the expectations formation process of economic agents about infl ation rate. Using the Market Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts ...

This paper investigates the expectations formation process of economic agents about inflation rate. Using the Market Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts every ...

This paper empirically and theoretically studies industry or sec- tor diversication as a determinant to nancial development. The empirical evidence nds evidence that there is a robust relationship between industry (or ...

In a global games setup with imperfect commitment technology, we show that low targetsthe ones close to the optimal inflation under perfect commitmentare unattainable, leading to a trade-off between low and credible targets. ...

Objects of different quality are to be assigned to agents. Agents can be assigned at most one object and there are not enough high-quality objects for every agent. The social planner is unable to use transfers to give ...