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equilibria may be return-dominated in that sense. Universal existence in the DGS model thus depends critically on the assumption …
Persistent link: https://www.econbiz.de/10011065399
This paper disentangles the topological assumptions of classical results (e.g.,Walker, 1977 on the existence of maximal …’s (1961) lemma on KKM correspondences, and the existence of fixed points for subordinate convex correspondences generalizing …
Persistent link: https://www.econbiz.de/10011065410
prove the existence of a perfect foresight equilibrium. We also show that irrespective of production technology employed by …
Persistent link: https://www.econbiz.de/10011191160
non-predetermined variables. Conditions characterizing the existence and uniqueness of a solution are given and related to …
Persistent link: https://www.econbiz.de/10010931619
This paper proposes conditions for the existence and uniqueness of solutions to systems of linear differential or …
Persistent link: https://www.econbiz.de/10010785382
. As a corollary, this gives a new proof of existence and gives conditions that guarantee global uniqueness of equilibria. …
Persistent link: https://www.econbiz.de/10010682590