In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with possibly infinitely many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist and can be decentralized as Lindahl-Foley equilibria, whatever...

We first present the concept of duality appearing in order theory, i.e. the notions of dual isomorphism and of Galois connection. Then we describe two fundamental dualities, the duality extension/intention associated with a binary relation between two sets, and the duality between implicational...

We consider the class of graphs containing no odd hole, no odd antihole and no configuration consisting of three paths between two nodes such that any two of the paths induce a hole and at least two of the paths are of length 2. This class generalizes claw-free Berge graphs and square-free Berge...

On the example of a pure-exchange financial economy with two periods, incomplete nominal-asset markets and differential information of the adverse selection's type, Cornet-De Boisdeffre (2002) introduced refined concepts of no-arbitrage prices and equilibria, which extended to the asymmetric...

This paper develops a model of an economy with clubs where individuals may belong to multiple clubs and where there may be ever increasing returns to club size. Clubs may be large, as large as the total agent set. The main condition required is that sufficient wealth can compensate for...

This study examines the theoretical and empirical link between trade integration, the density of activities and per capita income convergence within NAFTA members during the 1980-2000 period and within MERCOSUR partners from 1985 to 2000. We first build a two countries framework based on...

OECD countries displaying stringent employment protection legislation turn out to experience much less pronounced aggregate fluctuations. This paper uses this stylized fact to gauge the impact of employment protection on fluctuations costs. This analysis is run under a dynamic general...

A model of employment relation is provided in which agents choose whether to seek self-esteem through work. When they do, they develop an intrinsic motivation to effort. Depending on non-wage characteristics of the job the employer wants to fill, she can encourage this intrinsic motivation by a...

We aim at improving the classical explanation of the framing effect phenomenon, based on Prospect Theory by, first, making the reference point shifting that generates the phenomenon endogenous, and second, providing a theory of risky choice framing that accounts for the fundamental intuition...

This paper studies production economies having a locally convex topological vector commodity space ordered by a closed and generating convex come such that the order intervals are topologically bounded. The generally assumed lattice properties on the commodity-price duality are replaced by an...