The cyclical behavior of wages and prices was a central topic in trade cycle analysis on the eve of the Second World War. Keynes and Harrod independently referred in the same year to the supposed countercyclicality of real wages, a feature that was contested soon after, on empirical grounds, by...

We argue that for the case of heterogeneous commodities with infrequent tradings, such as paintings, it is relevant to base a price index on hedonic regressions using all sales and not resales only. To support this conclusion we construct a price index for paintings by Impressionists and their...

[ger] Auswirkung von Arbeitslosengeld auf die absolute und relative Dauer der Arbeitslosigkeit, . von Jean-Pierre Florens, Louis-André Gérard-Varet, Patrick Werquin.. . Die Theorie der Arbeitssuche rechtfertigt die KonstruktionpartiellerGleichgewichtsmodelle in reduzierter Form für den...

A simple general equilibrium model of imperfect competition is introduced with special attention given to the labour market. An extended Cournot equilibrium is defined for any money wage taken as given by the producers. Under some assumptions involuntary unemployment may arise, that is...

La théorie de l'équilibre général walrasien possède un pouvoir prédictif, du moins tant que l'on veut bien s'en tenir a des environnements en information complète, en l'absence de pouvoirs de marché et où il est connaissance commune que les marchés doivent s'équilibrer. On examine ici...

The convergence of game theory and epistemic logic has been in progress for two decades and this book explores this further by gathering specialists from different professional communities, i.e., economics, mathematics, philosophy, and computer science. This volume considers the issues of...