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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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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, the theory of stimulating mechanisms is used to study the relationship between characteristics of polluting firms and results of ecological policy. It is shown that the optimal ecologically motivated policy can qualitatively change in accordance with a relative effectiveness of...
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