In this paper we argue that in realistically calibrated two period general equilibrium models with incomplete markets … CAPM-pricing provides a good benchmark for equilibrium prices even when agents are not mean-variance optimizers and returns … preferences, endowments and dividends and compare the equilibrium prices and portfolio-holdings to the predictions of the CAPM …

point of the function itself. We apply the main existence result to prove the existence of a pure Cournot-Nash equilibrium …

Walrasian equilibrium in this setting. …

utility (TU) game from the viewpoint of general equilibrium theory.For any given game, we construct a competitive exchange … general TU game coincides with the set of equilibrium payoff vectors of its corresponding economy and that the coalition … structures of the game are endogenously determined by the equilibrium outcomes of the economy.As a consequence, the core of a …