Showing 1 - 10 of 23
How to facilitate how we learn ? How to improve and generalize knowledge transfers ? How to increase our creativity ? These questions are the economic stakes of the 21st century. In this article we present how the brain development is the result of evolutionary process of the alive, and how the...
Persistent link: https://www.econbiz.de/10005696835
Dans ce texte à visée didactique on présente les principaux modèles d'ordres utilisés pour représenter les préférences d'un sujet sur un ensemble fini de biens de nature variée. On part du modèle d'ordre fort correspondant au cas où la préférence est représentée par une fonction...
Persistent link: https://www.econbiz.de/10005670907
We first present the concept of duality appearing in order theory, i.e. the notions of dual isomorphism and of Galois connection. Then we describe two fundamental dualities, the duality extension/intention associated with a binary relation between two sets, and the duality between implicational...
Persistent link: https://www.econbiz.de/10005670918
We consider an aggregative consumption economy, where there are a market for commodities and four financial markets : for bonds, deposits, credits and a speculative asset. The decision analytic ideas of decentralization and price aggregation are applied to discuss the existence of equilibrium.
Persistent link: https://www.econbiz.de/10005797793
We present a theorem on the existence of a maximal element for a correspondence which is upper hemi-continuous in some variables and which satisfies with respect to the other ones one the following conditions : (i) lower semi-continuous if the space has a finite dimension, (ii) lower...
Persistent link: https://www.econbiz.de/10005797801
This paper discusses necessary optimality conditions for multi-objective optimization problems with application to theSecond Theorem of Welfare Economics. We use the extremal principle, since we consider non-convex sets non-smooth functions.Particularly, we develop a slight generalization of the...
Persistent link: https://www.econbiz.de/10005696829
We propose a simple bargaining procedure, the equilibrium of which converges to the Walrasian allocation as the agents become increasingly patient. We thus establish that the competitive outcome obtains even if agents have market power and are not price-takers. Moreover, where in other...
Persistent link: https://www.econbiz.de/10005696867
We introduce a generalized coercivity type condition for set-valued maps defined on topological spaces endowed with a generalized convex structure and we extend the Fan's matching theorem.
Persistent link: https://www.econbiz.de/10005510653
In a multi-period, multi-commodity economy with stock markets, we try to extend the work of Drèze (1974) to define the behaviour of the firms. We exhibit first order necessary conditions for a constrained Pareto optimal allocation. The financial constraints lead to non-collinear supporting spot...
Persistent link: https://www.econbiz.de/10005670910
The paper extends the Drèze's Criterion [Investment under private ownership : optimality, equilibrium and stability, in «Allocation under Uncertainty ; Equilibrium and Optimality», Wiley, New York, 1974, p.129] for firms to non-smooth and non-convex technologies and to non-ordered preferences...
Persistent link: https://www.econbiz.de/10005670933