Similar Search Results

Arbitrage, equilibrium, and nonsatiation

Allouch, Nizar; Le Van, Cuong; Page, Frank H. - 2004

local or global nonsatiation. Werner's existence result contrasts sharply with classical existence results for bounded … admit existence without local or global nonsatiation? This question is the focus of our paper. We make two main … considerably weaker than local or global nonsatiation - that makes possible this transformation. Moreover, as we show via examples …

Persistent link: https://www.econbiz.de/10010284163

Walras and dividends equilibrium with possibly satiated consumers

Allouch, Nizar; Le Van, Cuong - 2006

The main contribution of the paper is to provide a weaker non-satiation assumption than the one commonly used in the literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points inside the set of individually feasible consumptions, provided that the...

Persistent link: https://www.econbiz.de/10010284176

On the nonemptiness of approximate cores of large games

Allouch, Nizar; Wooders, Myrna - 2014

We provide a new proof of the non-emptiness of approximate cores of games with many players of a finite number of types. Earlier papers in the literature proceed by showing that, for games with many players, equal-treatment cores of their "balanced cover games", which are non-empty, can be...

Persistent link: https://www.econbiz.de/10011380988

Fuzzy rejective core of satiated economies with unbounded consumption sets

Allouch, Nizar; Florenzano, Monique - 2012

differs from the weak non-satiation assumption introduced by Allouch-Le Van (2009), we show in a last section the existence of …

Persistent link: https://www.econbiz.de/10010368156

On the private provision of public goods on networks

Allouch, Nizar - 2012

This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and may benefit only from their direct neighbors' provisions. We present a proof for existence and uniqueness of a Nash equilibrium with general best-reply functions. Our...

Persistent link: https://www.econbiz.de/10010368172

The cost of segregation in social networks

Allouch, Nizar - 2013

groups and limited across groups, may either increase or impede voluntary contributions. Moreover, although efficiency …

Persistent link: https://www.econbiz.de/10010368179

Strategic default in financial networks

Allouch, Nizar; Jalloul, Maya - 2018

whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the …

Persistent link: https://www.econbiz.de/10011928019

A core-equilibrium convergence in an economy with public goods

Allouch, Nizar - 2009

This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers display warm glow effects. We demonstrate that provided that each consumer becomes satiated to other consumers provision, it holds that, for a sufficiently large economy, the set...

Persistent link: https://www.econbiz.de/10010280750

A competitive equilibrium for a warm glow economy

Allouch, Nizar - 2009

Despite a widespread interest in the warm glow model [Andreoni (1989,1990)], surprisingly most attention focused on the voluntary contribution equilibrium of the model, and only very little attention has been devoted to the competitive equilibrium. In this paper, we introduce the notion of...

Persistent link: https://www.econbiz.de/10010280776

Anonymous price taking equilibrium in tiebout economies with unbounded club size

Allouch, Nizar; Conley, John Patrick; Wooders, Myrna Holtz - 2006

We introduce a model of a local public goods economy with a continuum of agents and jurisdictions with finite, but unbounded populations. Under boundedness of per capita payoffs we demonstrate nonemptiness of the core of the economy. We then demonstrate that the equal treatment core coincides...

Persistent link: https://www.econbiz.de/10010284111