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Introduction to general equilibrium
Balasko, Yves; Geanakoplos, John - In: Journal of Economic Theory 147 (2012) 2, pp. 400-406
This introduces the symposium on general equilibrium.
Persistent link: https://www.econbiz.de/10010572387
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Competitive Equilibrium with Asymmetric Information: an Existence Theorem for Numeraire Assets
BOISDEFFRE, Lionel de - Centre D'Analyse Théorique et de Traitement des … - 2015
) classical existence Theorem for nominal assets. Namely, we showed that existence of equilibrium was characterized by the … same characteristic property for numeraire asset markets, and, thus, extend Geanakoplos-Polemarchakis' (1986) existence …
Persistent link: https://www.econbiz.de/10011262819
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Subscription equilibria with public production: Existence and regularity
Villanacci, Antonio; Zenginobuz, Unal - Volkswirtschaftliche Fakultät, … - 2005
financed by voluntary contributions (subscriptions) of households. We prove existence and generic regularity of subscription …
Persistent link: https://www.econbiz.de/10005619815
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General equilibrium analysis on arms exports to developing countries in conflict
Fukiharu, T. - In: Mathematics and Computers in Simulation (MATCOM) 68 (2005) 5, pp. 439-448
the decline of pM on the “existence” of solution to the game, its “stability”, and finally on the utility levels of two … countries in the “stability” case. By simulation we show that as pM falls, the number of “non-existence” cases increases, the … percentage of “instability” cases among “existence” cases rises, and finally as pM falls, the percentage of “rising utility …
Persistent link: https://www.econbiz.de/10011050903
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Constant Returns to Scale: Can the Neoclassical Economy Exist?
Alam, M. Shahid - Volkswirtschaftliche Fakultät, … - 2013
Constant returns to scale (CRS) is one of the corner-stones of the competitive general equilibrium paradigm of neoclassical economics. This note argues that the equilibrium solutions of this paradigm are not compatible with CRS. CRS implies that all producers (whatever their scale of production)...
Persistent link: https://www.econbiz.de/10011108250
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A Model of Dynamic Liquidity Contracts
ÖZGÜR, Onur - Département de Sciences Économiques, Université de … - 2011
the borrower has too little collateral. This paper's technical contribution is its demonstration of the existence and …
Persistent link: https://www.econbiz.de/10010933687
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A Model of Dynamic Liquidity Contracts
öZGÜR, Onur - Centre Interuniversitaire de Recherche en Économie … - 2011
borrower has too little collateral. This paper's technical contribution is its demonstration of the existence and …
Persistent link: https://www.econbiz.de/10010927924
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Austerity
Dellas, Harris; Niepelt, Dirk - C.E.P.R. Discussion Papers - 2014
We shed light on the function, properties and optimal size of austerity using the standard sovereign model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...
Persistent link: https://www.econbiz.de/10011145392
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Austerity
Dellas, Harris; Niepelt, Dirk - Research Center SAFE (Sustainable Architecture for … - 2014
We shed light on the function, properties and optimal size of austerity using the standard sovereign model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...
Persistent link: https://www.econbiz.de/10011122548
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Austerity
Dellas, Harris; Niepelt, Dirk - CESifo - 2014
We shed light on the function, properties and optimal size of austerity using the standard sovereign debt model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...
Persistent link: https://www.econbiz.de/10011105366