Showing 171 - 180 of 831
Persistent link: https://www.econbiz.de/10007627024
Persistent link: https://www.econbiz.de/10007629420
Persistent link: https://www.econbiz.de/10007629421
Persistent link: https://www.econbiz.de/10007154487
How far can we go in weakening the assumptions of the general equilibrium model? Existence of equilibrium, structural stability and finiteness of equilibria of regular economies, genericity of regular economies and an index formula for the equilibria of regular economies have been known not to...
Persistent link: https://www.econbiz.de/10014204262
We consider the problem of determining the individual preference rankings that are necessarily implied by a dataset consisting of prices, income distributions and total resources. We show the equivalence between the compatibility with individual preference rankings and the existence of a...
Persistent link: https://www.econbiz.de/10013160406
We investigate the geometry of finite datasets defined by equilibrium prices, income distributions, and total resources. We show that the equilibrium condition imposes no restrictions if total resources are collinear, a property that is robust to small perturbations. We also show that the set of...
Persistent link: https://www.econbiz.de/10013160524
Persistent link: https://www.econbiz.de/10008655605
Popular press and some practitioners have warned against threats that buying risky assets pose on agents saving for retirement, children education and other uses. This paper shows that in a standard two-period general equilibrium model where some savers have no risk-sharing motives, there exists...
Persistent link: https://www.econbiz.de/10009783701
Persistent link: https://www.econbiz.de/10009663703