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Persistent link: https://www.econbiz.de/10011297111
This paper examines the equilibrium correspondence in Arrow-Debreu exchange economies with semi-algebraic preferences …
Persistent link: https://www.econbiz.de/10005109618
We consider a slightly adapted version of the general equilibrium model with possibly nonconvex production technologies … market condition with an equilibrium market condition. At an equilibrium market condition all markets are cleared and all … with an equilibrium market condition can be approximated arbitrarily close by applying a simplicial algorithm. By …
Persistent link: https://www.econbiz.de/10005451387
We consider a slightly adapted version of the general equilibrium model with possibly nonconvex production technologies … market condition with an equilibrium market condition. At an equilibrium market condition all markets are cleared and all … with an equilibrium market condition can be approximated arbitrarily close by applying a simplicial algorithm. By …
Persistent link: https://www.econbiz.de/10010783271
For a quarter century, a top priority in transportation economic theory has been to develop models of rush-hour traffic dynamics that incorporate traffic jams (hypercongestion). The difficulty has been that "proper" models result in mathematical intractabilty, while none of the proposed...
Persistent link: https://www.econbiz.de/10011305426
investigates this specific tradeoff and identifies an allocation rule that is individually rational, equilibrium selecting, and … domain, the identified rule is the equilibrium selecting rule that transfers the maximum number of ownerships from the public …
Persistent link: https://www.econbiz.de/10011332808
Any function from a non-empty polytope into itself that is locally gross direction preserving is shown to have the fixed point property. Brouwer's fixed point theorem for continuous functions is a special case. We discuss the application of the result in the area of non-cooperative game theory.
Persistent link: https://www.econbiz.de/10011342557
well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash equilibrium, are special … Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a … symmetric proper equilibrium. Applying our results to the field of evolutionary game theory yields a refinement of the …
Persistent link: https://www.econbiz.de/10011327822
players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show existence of …
Persistent link: https://www.econbiz.de/10009752420
with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to … investigate the robustness of equilibria to uncertainty about opponents' awareness of actions. We show that a Nash equilibrium of …
Persistent link: https://www.econbiz.de/10010240317