in the spirit of Wilson (1977)’s ‘anticipatory equilibrium’ by introducing an additional stage in which initial contracts … can be withdrawn after observation of competitors’ contract offers. We show that an equilibrium always exists where … as equilibrium contracts. However, the second-best efficient WMS allocation is the unique equilibrium allocation under …

equilibrium audiences (the clients belonging to a company), their signal exposure and attention, and the diversity of senders … surviving the contest for attention. Application of the equilibrium analysis to changes in information technologies and …

This paper is the first application of the singular value decomposition in general equilibrium theory. Every technology …

-17% interquartile differences in TFP. These estimates imply that in general equilibrium, homogenization of labor markets would lead to a …

model. Existence of general equilibrium and validity of the first welfare theorem are investigated. …

detailed applied general equilibrium model for the Netherlands. The model is empirically grounded in the data and encompasses …

We integrate individual power in groups into general equilibrium models. The relationship between group formation … paradoxes: positiveexternalities increase, but none of the household members gains in equilibrium. We further identify implicit …

We consider a general equilibrium model where groups operating in a competitive market environment can have several …, equilibrium existence, and equilibrium efficiency. …

equilibrium allocation and welfare. If price effects are sufficiently small, then typically an individual benefits from an …

This paper employs a general equilibrium model of imperfect competition and trade in which capital is used to establish …