This text refers to the Walras' views of what can be called the "implementation" of equilibrium, i.e the passage from the initial data of the economy to equilibrium prices (where the emphasis is put not on informational but rather, as in Walras on computational problems). After a brief...

This paper has considered the dynamics of financial portfolio choice by French households, using data from the ECHP over the period 1994-2001. The panel data allow us to test a number of theoretical predictions which are difficult to analyse with cross-section data: life cycle effects,...

This article considers four models of household wealth accumulation, which differ principally in terms of the length of the time horizon. The myopic model is characterised by a very short time horizon, with models levels of wealth tracking income, while life-cycle models suppose that individuals...