IDEAS home Printed from https://ideas.repec.org/a/kap/compec/v19y2002i3p341-57.html
   My bibliography  Save this article

Solution of Multi-player Linear-Quadratic Alternating-Move Games and Its Application to the Timing Pattern of Wage Adjustment

Author

Listed:
  • Lau, Sau-Him Paul

Abstract

In 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. Copyright 2002 by Kluwer Academic Publishers

Suggested Citation

  • Lau, Sau-Him Paul, 2002. "Solution of Multi-player Linear-Quadratic Alternating-Move Games and Its Application to the Timing Pattern of Wage Adjustment," Computational Economics, Springer;Society for Computational Economics, vol. 19(3), pages 341-357, June.
    • Handle: RePEc:kap:compec:v:19:y:2002:i:3:p:341-57
    as

    Download full text from publisher

    File URL: http://journals.kluweronline.com/issn/0927-7099/contents
    Download Restriction: Access to the full text of the articles in this series is restricted.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Leufkens, K. & Peeters, R.J.A.P., 2006. "Alternating-move hotelling with demand shocks," Research Memorandum 039, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    2. Leufkens, Kasper & Peeters, Ronald, 2008. "Intertemporal price competition with exogenous demand shocks," Economics Letters, Elsevier, vol. 99(2), pages 301-303, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:compec:v:19:y:2002:i:3:p:341-57. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.