constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … proposition that the economy as a whole is rendered coherent by the existence of a unique and stable equilibrium determined by the …

are derived. It is shown that as the number of bidders increases, equilibrium bids converge to valuations in both …

equilibrium are examined for first and second price auctions in situations where bidders have different, uncertain, costs. This is … mark-ups applied systematically for each bidder in turn until equilibrium is reached. An extensive numerical analysis is … then applied to obtain equilibrium results for both mark-up values and expected profit from the simple symmetric case …

productivity data. This paper examines the long run, or the equilibrium, relationship between productivity and stock returns for … the 1951-2002 period. It introduces the notion of equilibrium as represented by the co-movements of economic variables in … the long run. This notion is viewed to be broader than the economic theory definition of equilibrium that usually means …