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Covarrubias, Enrique - 2010

The main contribution of this paper is to place smooth infinite economies in the setting of the equilibrium manifold and the natural projection map à la Balasko. We show that smooth infinite economies have an equilibrium set that has the structure of a Banach manifold and that the natural...

Persistent link: https://www.econbiz.de/10003962133

The number of equilibria of smooth infinite economies

Covarrubias, Enrique - 2011

We construct an index theorem for smooth infinite economies that shows that generically the number of equilibria is odd. As a corollary, this gives a new proof of existence and gives conditions that guarantee global uniqueness of equilibria. -- Uniqueness ; determinacy ; equilibria ; infinite...

Persistent link: https://www.econbiz.de/10009127582

On equilibrium prices in continuous time

Martins-da-Rocha, Victor Filipe (contributor); … - 2008

We combine general equilibrium theory and théorie générale of stochastic processes to derive structural results about … equilibrium state prices. -- General equilibrium ; Continuous-time finance ; Théorie générale of stochastic processes ; Asset …

Persistent link: https://www.econbiz.de/10003729456

Intertemporal equilibria with knightian uncertainty

Dana, Rose-Anne; Riedel, Frank - 2010

; General Equilibrium Theory ; No Trade …

Persistent link: https://www.econbiz.de/10008736535

Determinacy of competitive equilibria in economies with many commodities

Shannon, Chris - In: Economic theory : official journal of the Society for … 14 (1999) 1, pp. 29-87

Persistent link: https://www.econbiz.de/10001396498

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

Persistent link: https://www.econbiz.de/10014023678

Liquidity as an Investment Style

Ibbotson, Roger G. - 2013

We present comprehensive evidence in support of giving liquidity equal standing to size, value/growth, and momentum as investment styles, as defined by Sharpe (1992). First, we show that financial market liquidity, as identified by stock turnover, is an economically significant indicator of...

Persistent link: https://www.econbiz.de/10013093548

Endogenous Learning in Input-Output Economies

Nasini, Stefano; Nessah, Rabia - 2021

Consider a multi-sector general equilibrium model where firms have incomplete information about the returns to scale of their production and where that information is sequentially updated once real production is observed. What is the impact of this learning dynamics on the market-wise...

Persistent link: https://www.econbiz.de/10013323833

Time and Uncertainty in Overlapping Generations Economies

Davila, Julio - 2001

This paper shows the general reversibility of every perfect foresight equilibrium of an overlapping generations economy. It then shows and characterizes the existence of reversible sunspot equilibria in these economies as well, which seems to be at odds with our intuition about the...

Persistent link: https://www.econbiz.de/10014128514

Intertemporal equilibrium and disadvantageous growth

Donsimoni, Marie-Paule - 1986

Persistent link: https://www.econbiz.de/10000714597

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