assumption ofmarket stability in the first place seems questionable in anapplication domain bent on unbounded growth, ever …)/ dt.Notice that if the market system ( 3) has an equilibrium,such a pricing vector peq would represent prices from whichno … technicalconditions such an equilibrium can be shown to exist.Moreover, this equilibrium can often be shown to be asymp …

jumps in the aggregate endowment, we explicitly solve the equilibrium asset prices in a pure-exchange economy with a … aversion. To dis-entangle the "rare event premium" from the standard risk-based premia, we examine the equilibrium prices of …

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 …