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work is the issue of existence and uniqueness of equilibrium. We resolve this question in the affirmative, assuming the …
Persistent link: https://www.econbiz.de/10009455387
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nature of the Nash equilibrium without considering existence. We recognize that jurisdictions wish to choose efficient policy … packages (Non-malevolence Theorem) and this allows us to examine the existence of equilibrium when there are multiple policy … instruments. Sufficient conditions for existence are established followed by three examples. In the first, the sufficient …
Persistent link: https://www.econbiz.de/10010538357
examples of duopolies with these features. However, we also find some sufficient conditions for existence, and for uniqueness …
Persistent link: https://www.econbiz.de/10004992503
large class of private value auctions, ties never occur in the equilibrium of the augmented game. This establishes existence …
Persistent link: https://www.econbiz.de/10005482062
We show existence of equilibria in istributional strategies for a wide class of private value auctions, including the … first general existence result for double auctions. The set of quilibria is invariant to the tie-breaking rule. The model … involves a positive volume of trade. The existence proof establishes new connections among existence techniques for …
Persistent link: https://www.econbiz.de/10005482216
examples of duopolies with these features. However, we also find sufficient conditions for existence, and for uniqueness, of …
Persistent link: https://www.econbiz.de/10008493981
In this paper we have analyzed existence, uniqueness and stability of a steady-state equilibrium in an overlapping …
Persistent link: https://www.econbiz.de/10004985078
This introduces the symposium on general equilibrium.
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