This paper examines the equilibrium effects of alternative financial aid policies intended to promote college …

considerable debate in recent years. We consider different concepts of exchange rate equilibrium, and review recent evidence on … real time. While the New Zealand dollar exchange rate may be overvalued at present, the equilibrium value of the exchange …

derive the equilibrium in a single-auction setting as well as a two-trading-period model. We show that the two …-period equilibrium supports price patterns like momentum and reversal/under- and over-reaction without relying on any additional … behavioral assumptions. Furthermore, the two-period setting can be extended to a multiple-trading-period equilibrium model with …

equilibrium strategies for each profile of preferences of the players. The survey is restricted to discrete models, that is, we … representations for three kinds of equilibrium: Nash equilibrium; acceptable equilibrium (Pareto optimal Nash equilibrium); and strong … Nash equilibrium. We conclude in Section 5 with a report on two recent works on representations of constitutions under …

We prove the existence of an equilibrium in competitive markets with adverse selection in the sense of Miyazaki (1977 …

The central purpose of this paper is to examine the incentive contract as an equilibrium phenomenon. We analyse a model … the equilibrium of a game in which the processors simultaneously decide whether to offer an incentive contract or to … contract constitutes the unique equilibrium solution, which highlights the incentive contract persistence. …

jump risk in the exchange rates may be correlated with the market. Thus an equilibrium framework is needed to price the … systematic jump components in currency option prices. I propose an equilibrium model to investigate the dynamics of the exchange …