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econ.TH2021
The Inflation Game
Wolfgang Kuhle
We study a game where households convert paper assets, such as money, into consumption goods, to preempt inflation. The game features a unique equilibrium with high (low) inflation…
econ.GN2021
Observing Actions in Global Games
Dominik Grafenhofer, Wolfgang Kuhle
We study Bayesian coordination games where agents receive noisy private information over the game's payoffs, and over each others' actions. If private information over actions is o…