-algebraic, then the corresponding pseudo-equilibrium manifold is also semi-algebraic. For this, we proceed by constructing an … and the pseudo-equilibrium set are smooth semi-algebraic manifolds. We extent this results by showing that the pseudo-equilibrium … natural projection is a semi-algebraic diffeomorphism in each regular point of the semi-algebraic pseudo-equilibrium manifold …

This paper proves the existence of a pseudo-equilibrium in a financial economy with incomplete markets in which the …

This paper proves the existence of a pseudo-equilibrium in a financial economy with incomplete markets in which the …

This paper proves the existence of a pseudo-equilibrium in a financial economy with incomplete markets in which the …

substitutes. The weaker notion guarantees monotonicity of tatonnement processses and convergence of clock auctions to a pseudo-equilibrium … pseudo-equilibrium is a Walrasian equilibrium, the Vickrey outcome is in the core, and the law of aggregate demand is …

concept of " pseudo-equilibrium " consistent with asymmetric information, to which we extend a classical theorem of symmetric … information models with real assets. Namely, we show that the existence of a pseudo-equilibrium is still guaranteed by a no …