Economies with asymmetric information are encompassed by an extension of the model of general competitive equilibrium …

favourable for the long-living individuals, represent an equilibrium. …

the annuity market. First, we examine the pooling equilibrium for individual-life annuities and show that in the presence … equilibrium may exist. These results are obtained in a framework where couples are mandated to buy joint-life annuities and only …- and joint-life annuities, we find that in equilibrium couples with long-lived partners buy individual-life annuities …

For an exchange economy, under assumptions which did not bring about the existence of equilibrium with dividends as yet … the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which …

-state equilibrium, we first show that any regular Sraffian steady-state equilibrium is indeterminate in terms of Sraffa (1960) under the …

equilibrium. …

the main results demonstrate that a simple ascending auction always terminates at the minimum Walrasian equilibrium prices …

equilibrium with finite agents, but without one when modeled on the Lebesgue unit interval. We (i) establish saturated player … spaces as both necessary and sufficient for an existence result for Nash equilibrium in pure strategies, (ii) clarify the …

This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator …