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 …

equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and …

equilibrium, which may or may not exist, no agents have incentives to break up or form new partnerships. This paper proposes a … dynamic competitive adjustment process that always either finds an equilibrium or exclusively disproves the existence of any … equilibrium in finitely many steps. When an equilibrium exists, partnership and revenue distribution will be automatically and …

sufficient condition for the existence of equilibrium, generalizing known results. We then introduce the partnership …-stable equilibrium, a weakened solution concept in the sense that each equilibrium is also a partnership-stable equilibrium, and find …

investigates this specific trade-off and identifies an allocation rule that is individual rational, equilibrium selecting, and … domain, the identified rule is the equilibrium selecting rule that transfers the maximum number of ownerships from the public …

rent their houses. The idea is to identify equilibrium prices for the housing market given the prerequisite that a tenant … he currently is occupying. The main contribution is the identification of an individually rational, equilibrium selecting …. In this restricted domain, the identified mechanism is the equilibrium selecting mechanism that transfers the maximum …

standard equilibrium models, crises are one-off events caused by external factors. These macro-models thus neither predict nor … how the equilibrium perspective dominates macroeconomic thinking and how it contributes to too-high debt ratios prior to a … crisis. We end the paper by discussing how to design fiscal policy rules based on a crisis rather than an equilibrium …

. We prove that the only mechanism that satisfies these conditions is a price mechanism with a minimal equilibrium price …

Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … that possesses a self-confirming equilibrium in extensive-form rationalizable strategies. This notion of equilibrium can be …