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We define an algebro-topological concept of essential map and we use it to prove several results in the theory of …
Persistent link: https://www.econbiz.de/10005013910
unemployment, which was inconsistent with orthodox theory. As a result, macroeconomists began to pay much greater attention to the … of macroeconomics as a branch of applied general equilibrium theory. His main theme is that macroeconomics is best viewed …
Persistent link: https://www.econbiz.de/10004973296
variety of new techniques for assessing regulatory performance—general equilibrium theory, laboratory methods, the integration … of rational expectations and game theory methods with regulations, cost-functions techniques, and probabilistic risk …, "Assessment of Regulatory Performance," covers theory and methods, performance and effects. Public Regulation is fourteenth in the …
Persistent link: https://www.econbiz.de/10005034439
This paper deals with the problem of price formation in a market with asymmetric information and several risky assets. We then extend the multivariate security model of Caballé and Krishnan (1994) to a continuous time framework, and general utility function. Our model enables us to observe some...
Persistent link: https://www.econbiz.de/10005184367
In this paper we critically examine the main workhorse model in asset pricing theory, the Lucas (1978) tree model (LT … theory, the real assets model (RA-Model). Households in the LT-Model trade goods together with claims to Lucas trees …
Persistent link: https://www.econbiz.de/10005450594
In this paper we critically examine the main workhorse model in asset pricing theory, the Lucas (1978) tree model (LT … theory, the real assets model (RA-Model). Households in the LT-Model trade goods together with claims to Lucas trees …
Persistent link: https://www.econbiz.de/10005587473
Persistent link: https://www.econbiz.de/10010583021
Persistent link: https://www.econbiz.de/10011185508
ball of Rn ) must have a fixed point – by allowing discontinuities of f, and we apply this extension to equilibrium theory …
Persistent link: https://www.econbiz.de/10011073926
Persistent link: https://www.econbiz.de/10011092680