-justified equilibria (USJE)---temporary equilibria for which forecasts are best uniform approximations to a selection of the equilibrium …

Riley (1979)'s reactive equilibrium concept addresses problems of equilibrium existence in competitive markets with … adverse selection. The game-theoretic interpretation of the reactive equilibrium concept in Engers and Fernandez (1987) yields … the Rothschild-Stiglitz (1976)/Riley (1979) allocation as an equilibrium allocation, however multiplicity of equilibrium …

We prove the existence of an equilibrium in competitive markets with adverse selection in the sense of Miyazaki (1977 …

We study global properties of the equilibrium set of economies with a continuous consumption space. This framework is … states of nature) and commodity differentiation. We show that the equilibrium set is contractible which implies that (i …) there is a continuous economic policy linking any two equilibrium states, and (ii) any two such economic policies can be …

For an exchange economy, under assumptions which did not bring about the existence of equilibrium with dividends as yet … the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which …

equilibria and, more generally, the structure of the equilibrium set. To overcome these issues, this paper extends the Preimage …

It is shown that, in pure exchange economies, the individual demand functions can be recovered from the equilibrium set …