We study equilibrium determination in an environment where two types of agents have different information sets: Fully informed observe histories all exogenous and endogenous variables. Less only a strict subset the full set need to solve dynamic signal extraction problem gather about variables they do not directly observe. Both know structure model form expectations rationally. In this environm...

We examine honesty and credible auditing in firm-investor relations in a repeated game of imperfect information, embedded in a general equilibrium framework. Informed auditors enhance credibility over a range of audit fees – despite the auditor’s incentive to collude – provided the probability of detection is imperfectly correlated across clients. Auditing can enhance growth especially for a re...

This paper deals with the effects of concentration (single name and sectoral) and contagion risk on credit portfolios. Results are obtained for the value at risk of the portfolio loss distribution, in the analytical framework originally developed by Vasicek in 1991 [1]. V aR is expressed as a sum of terms: the first contribution represents the value at risk of a hypothetical single-factor homog...

Cold rolling behaviours of a commercial pure titanium have been studied by means of transmission electron microscopy. The results indicates: (1) In cold rolled titanium, there are a number of tangled dislocations which have often been observed in cold worked face centered cubic metals. (2) In 16.7% cold rolled Ti, imperfect structures with a high concentration of tangled dislocations were obser...

In the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. In this paper, a one way auction in the electricity market for the generator companies is considered in both perfect and imperfec...

In this study, we consider the propagation of the Love-type wave in piezoelectric gradient covering layer on an elastic half-space having an imperfect interface between them. Dispersion relation has been obtained in the form of determinant for both electrically open and short cases. The effects of different material gradient coefficients of functionally graded piezoelectric material (FGPM) and ...

This paper analyzed 96 current electronic negotiation models concerning their ability to handle imperfect information situations. The results of the empirical investigation show that most of the negotiation models assume imperfect information situations but mainly related to the negotiation partner. Research on imperfect described environments and negotiation items are not sufficient represente...