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Ergodic Markov equilibrium with incomplete markets and short sales
Braido, Luis H. B. - In: Theoretical Economics 8 (2013) 1, pp. 41-57
result shows the existence of a competitive equilibrium process that is stationary and has an invariant ergodic measure …
Persistent link: https://www.econbiz.de/10011599475
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Existence and uniqueness of solutions to dynamic models with occasionally binding constraints
Holden, Tom D. - 2019
end, we derive existence and uniqueness conditions for otherwise linear models with OBCs. Our main result gives necessary …
Persistent link: https://www.econbiz.de/10012103173
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The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings
Bayer, Christian; Rendall, Alan D.; Wälde, Klaus - 2018
source of uncertainty in a small open economy. We prove the existence of an optimal consumption path. We exploit that the …
Persistent link: https://www.econbiz.de/10011957213
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Existence of Equilibrium for Segmented Markets Models with Interest Rate Monetary Policies
Occhino, Filippo - 2004
characteristic assumption is that some households never participate in financial markets. This paper proves the existence of an …, including output itself. The assumptions required for existence constrain the maximum value and the variability of the nominal …
Persistent link: https://www.econbiz.de/10010263231
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Convexity and Complementarity in Network Formation: Implications for the Structure of Pairwise Stable Networks
Hellmann, Tim - 2010
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10010270197
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Convexity and complementarity in network formation: Implications for the structure of pairwise stable networks
Hellmann, Tim - 2009
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10010272600
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Existence, uniqueness and computation of solutions to dynamic models with occasionally binding constraints
Holden, Tom D. - 2016
We present the first necessary and sufficient conditions for the existence of a unique perfect-foresight solution … conditions on the existence of a solution in such models, and provide a proof of the inescapability of the “curse of …
Persistent link: https://www.econbiz.de/10011422742
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Existence and uniqueness of solutions to dynamic models with occasionally binding constraints
Holden, Tom D. - 2022
belief-driven recessions. To aid in finding policies that avoid this, we derive existence and uniqueness conditions for …. We also derive equilibrium existence conditions under rational expectations for arbitrary non-linear models. …
Persistent link: https://www.econbiz.de/10013168551
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Subgame-perfect equilibrium in games with almost perfect information: Dispensing with public randomization
Barelli, Paulo; Duggan, John - In: Theoretical Economics 16 (2021) 4, pp. 1221-1248
ensure existence of subgame perfect equilibria (SPE). We show that when Nature's moves are atomless in the original game … of He and Sun (2020) on existence of SPE without public randomization, which in turn yields equilibrium existence for …
Persistent link: https://www.econbiz.de/10013189006
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A Review of the Existence of Stable Roommate Matchings
Gudmundsson, Jens - 2013
We compare different preference restrictions that ensure the existence of a stable roommate matching. Some of these …
Persistent link: https://www.econbiz.de/10013208637