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

We compare the Nash bargaining solution in a reinsurance syndicate to the competitive equilibrium allocation, focusing …, in certain cases. This may be good news for the Nash solution, or for the equilibrium allocation, all depending upon one …’s point of view. <p> Our model also allows us to readily identify some properties of the equilibrium allocation not be shared …

order plays an important role in the optimality and equilibrium analysis of markets with infinitely many securities with …

We study the welfare properties of a general equilibrium banking model with moral hazard that encompasses incentive … mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize …

equilibrium is sketched. The model ensures theoretical consistency by assuming that firms are large in their own markets but small …

I review previous approaches to modelling oligopoly in general equilibrium, and propose a new view which in principle … equilibrium and derive some surprising implications for competition policy. …