Recently, a new class of macroeconomic business cycle models has emerged. Stochastic dynamic general equilibrium models … competition traditionally highlighted by New Keynesian economists. This class of models leads to a new paradigm in business cycle …

Recently, a new class of macroeconomic business cycle models has emerged. Stochastic dynamic general equilibrium models … competition traditionally highlighted by New Keynesian economists. This class of models leads to a new paradigm in business cycle …

I examine a model with an indeterminate equilibrium in which business cycles are driven by sunspot shocks. I focus on …

equilibrium analysis are shown to apply to orthodox theory, which has subjectivist foundations, but not to the objectivist … classical approach associated with Sraffa. The long-period equilibrium method is indispensable to the analysis of how market …

We construct a theoretical model for equilibrium distribution of workers across sectors with different labor … formula for such distribution of productivity is obtained, using the detail-balance condition necessary for equilibrium in the …

Adaptive Procedure Leading to Correlated Equilibrium <i>(Sergiu Hart and Andreu Mas-Colell)</i></li> <li>A General Class of … Equilibrium <i>(Sergiu Hart and Andreu Mas-Colell)</i></li> <li>Regret-Based Continuous-Time Dynamics <i>(Sergiu Hart and Andreu …><b><i>Uncoupled Dynamics:</i></b> <ul> <li>Uncoupled Dynamics Do Not Lead to Nash Equilibrium <i>(Sergiu Hart and Andreu Mas …

Learning Cycle, the book is intended to teach by example. Noncooperative equilibrium concepts such as Nash equilibrium play the … equilibrium. The Instructor Manual and PowerPoint Slides for the book are available upon request for all instructors who adopt …>Nash Equilibrium and Rationalizable Strategies</li> <li>Games with Two or More Nash Equilibria</li> <li>Duopoly Strategies and Prices …