Showing 1 - 9 of 9
We consider a family of exchange economies where consumers have multiprior preferences representing their ambiguity aversion. Under a linear independence assumption, we prove that regular economies are generic. Regular economies exhibit enjoyable properties: odd finite number of equilibrium...
Persistent link: https://www.econbiz.de/10010727907
In the spirit of Smale's work, we consider a pure exchange economy with general consumption sets. We consider the case in which the consumption set of each household is described in terms of an inequality on a function called possibility function. The possibility function represents the...
Persistent link: https://www.econbiz.de/10010750871
In the spirit of Smale's work, we consider a pure exchange economy with general consumption sets. We consider the case in which the consumption set of each household is described in terms of an inequality on a function called possibility function. The possibility function represents the...
Persistent link: https://www.econbiz.de/10005670967
We consider a family of exchange economies where consumers have multiprior preferences representing their ambiguity aversion. Under a linear independence assumption, we prove that regular economies are generic. Regular economies exhibit enjoyable properties: odd finite number of equilibrium...
Persistent link: https://www.econbiz.de/10011026106
We consider a general model of pure exchange economies with consumption externalities. Households may have different consumption sets and each consumption set is described by a function called possibility function. Utility and possibility functions depend on the consumptions of all households....
Persistent link: https://www.econbiz.de/10005041114
We consider a general model of pure exchange economies with consumption externalities. Households may have different consumption sets and each consumption set is described by a function called possibility function. Utility and possibility functions depend on the consumptions of all households....
Persistent link: https://www.econbiz.de/10005839188
In this paper we consider a class of pure exchange economies in which the consumption plans may be restricted to be above a minimal level. This class is parameterised by the initial endowments and the constraints on the consumption. We show that the demand functions are locally Lipschitzian and...
Persistent link: https://www.econbiz.de/10005687606
We consider a general model of pure exchange economies with consumption externalities. Households may have different consumption sets and each consumption set is described by a function called possibility function. Utility and possibility functions depend on the consumptions of all households....
Persistent link: https://www.econbiz.de/10010738576
In this paper we consider a class of pure exchange economies in which the consumption plans may be restricted to be above a minimal level. This class is parameterised by the initial endowments and the constraints on the consumption. We show that the demand functions are locally Lipschitzian and...
Persistent link: https://www.econbiz.de/10010614961