The use of equilibrium models in economics springs from the desire for parsimonious models of economic phenomena that … so, extolling the virtues of equilibrium theory; then we present a critique and describe why this approach is inherently …’t be a question of dogma, but should be resolved empirically. There are situations where equilibrium models provide useful …

This paper analyzes conditions for existence of a strongly rational expectations equilibrium (SREE) in models with … Expectations Equilibrium …

) is robust. -- rational expectations equilibrium ; strategic complementarity ; multiplicity of equilibria ; asymmetric …