The paper analyzes the possibility of reaching an equilibrium in a market of marine mutual insurance syndicates, called … documented findings, and points out an interesting future scenario. We find an equilibrium in a market of mutual marine insurers …

This paper deals with the existence of equilibrium in a dynamic reinsurance market with short sale constraints, driven …, +\infty[$. The properness of preferences is a key assumption for us to prove the existence of an equilibrium. We provide a …

incentive efficient. Moreover, any incentive efficient allocation can be decentralized as a competitive equilibrium …

modification of the model of general competitive equilibrium that encompasses monetary economies with an operative transactions …, monetary policy fails to determine the distribution of the rate of inflation or the allocation of resources at equilibrium. If …

is a non-trivial multiplicity of equilibrium paths of prices of commodities. Determinacy requires that, subject to no …

equilibrium correspondence, which associates equilibrium prices of commodities to allocations of endowments; the argument extends … the prices of commodities and the distribution of income. The graph of the equilibrium correspondence or of the aggregate … equilibrium correspondence or the aggregate demand function imply that general equilibrium theory has testable implications. …

At a Nash - Walras equilibrium, individuals exchange commodities competitively, and, simultaneously, they interact … strategically. Under standard assumptions, NashWalras equilibria exist, equilibrium profiles of actions are, typically, determinate …

modification of the model of general competitive equilibrium that encompasses monetary economies. Competitive equilibria exist …. Nevertheless, eventhough there is a well defined money market, competitive equilibrium allocations are indeterminate.On an event …