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The article summarizes the key results of researches in the field of early warning systems for financial crises, conducted by the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF) since 2005. The proposed early warning system consists of three major blocks: the leading...
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A new concept of contract-based domination by coalitions for competitive economies is proposed and studied in the paper …. This concept is based on the notion of (barter) contract (an elementary exchange of commodities). Here classical coalitions …-theoretical terms. For non-perfect economies, in which not every contract is permissible, it may serve as one of the model primitives to …
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In this paper, a new concept of "limit information" is introduced and studied for Arrow-Debreu type economies with asymmetrically informed agents. The concept is based on the so-called contractual approach that presumes that agents meet and form coalitions, where the concurrent exchange of...
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