Showing 1 - 10 of 12
Radner (1968) proved existence of a competitive equilibrium for differential information economies with finitely many states. We extend this result to economies with infinitely many states of nature. Each agent observes a public and a private signal. The publicly observed signal may take...
Persistent link: https://www.econbiz.de/10008529642
We consider exchange economies with a continuum of agents and differential information about finitely many states of nature. It was proved in Einy, Moreno, and Shitovitz (2001) that if we allow for free disposal in the market clearing (feasibility) constraints then an irre- ducible economy has...
Persistent link: https://www.econbiz.de/10008529648
Persistent link: https://www.econbiz.de/10008529650
We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff vectors satisfying this condition. The additional...
Persistent link: https://www.econbiz.de/10008532573
In a differential information economy with quasi–linear utilities, monetary transfers facilitate the fulfillment of incentive compatibility constraints : the associated ex ante core is generically nonempty. However, we exhibit a well–behaved exchange economy in which this core is empty, even...
Persistent link: https://www.econbiz.de/10008790083
This note explores the interaction between trade integration and asymmetric choices of technology adoption. It seeks to bring micro foundations of Örm heterogeneity into an open-economy model. By so doing, the analysis shows the complementarity between an imperfect competition framework of...
Persistent link: https://www.econbiz.de/10008871990
We consider exchange economies with a measure space of agents and for which the commodity space is a separable and reflexive Banach lattice. Under assumptions imposing uniform bounds on marginal rates of substitution, positive results on core-Walras equivalence were established in...
Persistent link: https://www.econbiz.de/10009017919
Dans cet article nous établissons une formule de l’indice pour une économie où les producteurs utilisent la tarification marginale et nous montrons que, sous des hypothèses de monotonicité sur la correspondance d’excès de demande et les conditions suffisantes du second ordre de...
Persistent link: https://www.econbiz.de/10008828431
bouleversement cognitif affecte différemment le processus d’identification des membres d’une organisation soumis à un même changement …’organisation : révolte, nostalgie, détachement, reconnaissance et loyauté. Ces réactions génèrent une diversité de profils d’identification à …’identité de l’organisation pour ne pas créer une « crise d’identification » constitue le principal défi des managers. …
Persistent link: https://www.econbiz.de/10009319610
.e. Customer-Company Identification. It is defined as the process whereby customer’s beliefs about a company become self …
Persistent link: https://www.econbiz.de/10008532639