Prime objects of this note are (I) excess demand generated by price-taking economic agents, and (II) an alternative version of tatonnement. We relate laws of demand, axioms of revealed preferences, and other notions of generalized monotonicity to "evolutionary stable" prices. Focus is on local...

A standard approach to duality in stochastic optimization problems with constraints in L(infinite) relies upon the Yosida-Hewitt theorem. We develop an alternative technique which employs only "elementary" means. The technique is based on an e-regularization of the original problem and on...

This paper examines the causes of agricultural land expansion and deforestation in Tanzania. In the theoretical section, two different -and partly contradicting- sets of hypotheses are outlined.

In this paper, the authors study exit routes out of unemployment for older Norwegian unemployed in the period 1989 to 1993. Based on a proportional hazard model with a flexible baseline they estimate the competing risks of exiting to employment, helath related social benefits, and out of the...