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Khan, M. Ali; Rath, Kali P.; Sun, Yeneng; Yu, Haomiao - In: Journal of Economic Theory 148 (2013) 3, pp. 1122-1149

/or biological traits, and identify through four decisive examples, essentially based on a matching-pennies type game, pathologies … arising from the use of a Lebesgue interval for playerʼs names. In a sufficiently general context of traits and actions, we … existence and upper hemi-continuity of pure-strategy Nash equilibria in large games with traits. We illustrate the idealized …

Persistent link: https://www.econbiz.de/10011043030

Large distributional games with traits

Khan, M. Ali; Rath, Kali P.; Yu, Haomiao; Zhang, Yongchao - In: Economics Letters 118 (2013) 3, pp. 502-505

A comprehensive theory of large strategic games with (socioeconomic and biological) traits (LSGT) has recently been … presented in Khan et al. (2012, 2013), and we present a reformulation pertaining to large distributional games with traits (LDGT). …

Persistent link: https://www.econbiz.de/10011041659

On the space of players in idealized limit games

Qiao, Lei; Yu, Haomiao - In: Journal of Economic Theory 153 (2014) C, pp. 177-190

This paper demonstrates the class of atomless spaces that accurately models the space of players in a large game which represents an idealized limit of a sequence of finite-player games. Through two examples, we show that arbitrary atomless probability spaces, in particular, the Lebesgue unit...

Persistent link: https://www.econbiz.de/10010930794

Pure-strategy Nash equilibria in large games : characterization and existence

Fu, Haifeng; Xu, Ying; Zhang, Luyi - In: International journal of game theory : official journal … 45 (2016) 3, pp. 685-697

Persistent link: https://www.econbiz.de/10011553948

On the closed-graph property of the Nash equilibrium correspondence in a large game : a complete characterization

Qiao, Lei; Yu, Haomiao; Zhang, Zhixiang - In: Games and economic behavior 99 (2016), pp. 89-98

Persistent link: https://www.econbiz.de/10011771461

Indeterminacy of equilibrium in stochastic OLG models

Magill, Michael; Quinzii, Martine - In: Economic Theory 21 (2003) 2, pp. 435-454

This paper studies the equilibria of a stochastic OLG exchange economies consisting of identical agents living for two periods, and having the opportunity to trade a single infinitely-lived asset in constant supply. The agents have uncertain endowments and the stochastic process determining the...

Persistent link: https://www.econbiz.de/10005370690

Core and Walrasian equilibria when agents' characteristics are extremely dispersed

Podczeck, Konrad - In: Economic Theory 22 (2003) 4, pp. 699-725

It is shown that core-Walras equivalence fails whenever the commodity space is a non-separable Banach space. The interpretation is that a large number of agents guarantees core-Walras equivalence only if there is actually a large number of agents relative to the size of the commodity space....

Persistent link: https://www.econbiz.de/10005371115

Le développement de la théorie de l'équilibre général. Les apports d'Allais et de Hicks

Béraud, Alain - In: Revue économique 65 (2014) 1, pp. 125-258

In the development of the general equilibrium theories, Hicks and Allais played an essential role. We are studying here the contributions which were theirs respectively in Value and Capital (1939) and in the Traité d?économie pure (1943). The accent is put on three points: the theory of...

Persistent link: https://www.econbiz.de/10011187898

Shocks and the Unavoidable Road to Higher Taxes and Higher Unemployment

Denhaan, Wouter - In: Review of Economic Dynamics 10 (2007) 3, pp. 348-366

This paper considers a matching model in which multiple steady-state unemployment rates exist if government expenditures and unemployment benefits are high enough. The focus on the extensive margin and a possible transition to a steady state with higher unemployment rates imply that the effect...

Persistent link: https://www.econbiz.de/10005069630

Temporary Shocks and Unavoidable Transitions to a High-Unemployment Regime

Den Haan, Wouter - C.E.P.R. Discussion Papers - 2003

This Paper develops a model with multiple steady states (low tax and low unemployment versus high tax and high unemployment) in which equilibrium selection is not conditioned on a sunspot variable. Instead, large temporary shocks initiate unavoidable transitions from one steady state to another....

Persistent link: https://www.econbiz.de/10005656314