We introduce the possibility of trade in dynamic models with externalities and evaluate the consequences on the capital accumulation process, the market-clearing prices and policy making. We consider mixed economies characterized by a blend of strategic and nonstrategic sectors. An equilibrium...

We study equilibrium in large games of strategic complementarities (GSC) with a differential information and continuum of players. For our game, we define an appropriate notion of distributional Bayesian-Nash equilibrium in the sense of Mas-Colell (1984), and prove its existence. Further, we...

Recently Yang and Qi (2013) stated an interesting theorem on existence of complete lattice of equilibria in a particular class of large nonatomic supermodular games for general action and players spaces. Unfortunately, their result is incorrect. In this note, we detail the nature of the problem...

We study the existence and computation of equilibrium in large games with strategic complementarities. Using monotone operators (in stochastic dominance orders) defined on the space of distributions, we first prove existence of the greatest and least distributional Nash equilibrium in the sense...