Showing 1 - 10 of 257
cases where additionally, some variables may be strategic complements. The main result here is that the equilibrium set in … such models is a non-empty, complete lattice, if, and only if, there is a unique equilibrium. Indeed, for a given parameter … techniques for exhibiting increasing equilibria or computing equilibria that use the largest or smallest equilibrium, or that use …
Persistent link: https://www.econbiz.de/10012824357
admissible prices. We introduce a new equilibrium concept, called quantity constrained equilibrium (QCE), giving a unified …. Moreover, the set contains for every commodity a generalized Dreze equilibrium, being a QCE at which for that commodity no … binding trade opportunities on both supply and demand are expected, and also a generalized supply-constrained equilibrium at …
Persistent link: https://www.econbiz.de/10014068262
production plan chosen is almost always different from the standard notion of competitive equilibrium and again owners use …
Persistent link: https://www.econbiz.de/10013124419
-theoretic, perspective and analyze Nash equilibrium properties of survival portfolio rules …
Persistent link: https://www.econbiz.de/10011761279
In an exchange economy under uncertainty with two periods, one physical good, and finitely many states of the world, we show that for every (complete or incomplete) market span there exists a sequence of securities such that if they are introduced into markets one by one, the prices of any...
Persistent link: https://www.econbiz.de/10010875266
Persistent link: https://www.econbiz.de/10011211400
Persistent link: https://www.econbiz.de/10005212500
spot-financial equilibrium can be obtained as a Nash equilibrium of a market game in which the strategies of the players …
Persistent link: https://www.econbiz.de/10005837491
In an exchange economy under uncertainty with two periods, one physical good, and finitely many states of the world, we show that for every (complete or incomplete) market span there exists a sequence of securities such that if they are introduced into markets one by one, the prices of any...
Persistent link: https://www.econbiz.de/10008763782
This paper contains a game-theoretic model describing the behaviour of investors at a stock exchange. The model presented is developed to reect the actual market microstructure. The players constitute a non-uniform continuum, differing, among others, by the planning horizon, the external ow of...
Persistent link: https://www.econbiz.de/10011109151