choose sequential contracts can be an equilibrium and that this outcome is favourable for the long-living, but is …

favourable for the long-living individuals, represent an equilibrium. …

equilibrium economy is considered in which heterogeneous agents face endowment risks. Markets are incomplete: there are only …

The present paper considers a class of general equilibrium economics when the primitive uncertainty model features …. The existence of equilibrium is approached by a generalized excess utility fixed point argument. Such Arrow …

I extend the classical general equilibrium treatment of uncertainty about exogenous states of nature to uncertainty … results. One is set of conditions that are necessary and sufficient for the existence of equilibrium (called an equilibrium … conditions under which agents are fully insured at an equilibrium. Finally I show that agents' price expectations matter in the …

transition economies, posing serious policy concerns. A general equilibrium model of production chains is presented to analyze …

This paper shows the general reversibility of every perfect foresight equilibrium of an overlapping generations economy …

. We construct and estimate a general-equilibrium model to explain our novel findings alongside the existing evidence on …

premium in general equilibrium, while flexibility in utilization adjustments helps explain uncertainty risk exposures in the …