equilibrium (with transfers) is no-trade. …

of an individually rational efficient allocation or of an equilibrium is that the relative interiors of the risk adjusted … equilibrium to exist. The paper then turns to incomplete preferences with concave multi-utility representations. Several … definitions of efficiency and of equilibrium with inertia are considered. Sufficient conditions and necessary and sufficient …

could emerge around the high-growth equilibrium in the growth path where the monetary au- thority follows a high in ation … around either the low-growth or high-growth equilibrium. …

We consider a general equilibrium model with heterogeneous agents, borrowing constraints, and exogenous labor supply …. Last, we prove that with linear technologies, every intertemporal equilibrium is efficient. Moreover, there is a room for …

This paper examines the equilibrium of financial portfolios under insurance …

This note provides an intuitive and simple proof of the existence of equilibrium in an incomplete ffnancial economy …