-Debreu General Equilibrium model (ADGE), via Scarf's Computable General Equilibrium model (CGE) and its applied version as Applied … Computable General Equilibrium model (ACGE), to its ostensible dynamization as a Recursive Competitive Equilibrium (RCE). It is …

), Warsaw, September 2004. The Nash equilibrium approach to solving nonzero-sum stopping games may give multiple solutions. An …' decisions. This is a form of equilibrium selection. Examples of correlated equilibria in nonzero-sum games related to the staff …

-Debreu General Equilibrium model (ADGE), via Scarf's Computable General Equilibrium model (CGE) and its applied version as Applied … Computable General Equilibrium model (ACGE), to its ostensible dynamization as a Recursive Competitive Equilibrium (RCE). An …

convergence. If the initial relative price for a good is cheaper than the equilibrium walrasian price due to initial endowments …, the initial excess demand effect pushes resource allocation.This paper characterizes the out-of-equilibrium dynamics of a …. Relaxing the auctioneer assumption, but maintaining a global price rule, sequentially random pairwise trading at out-of-equilibrium …

In this paper, the standard two-period general equilibrium model with incomplete financial markets is considered. First …, existence of equilibrium is proved using a stationary point argument on the set of no-arbitrage prices. Prices are normalized … truncation of the set of prices. It is shown that there exists a connected set from an arbitrary price vector to an equilibrium …

consequence of price equilibrium in a market in which assets are traded subject to budget constraints, and optimization is carried … implications of such extensions of theory have hitherto been unclear, but in this paper the existence of equilibrium is established … in circumstances where nonstandard deviations are admitted. Equilibrium is guaranteed even when different investors use …

of the issuer, which additionally complicates the payoff structure of the put option. This signaling equilibrium is … firm. We next develop a graphical presentation of the mathematical proof showing the separating equilibrium. We then show … how presenting visually the separating equilibrium before presenting the mathematical proof aids in understanding. We …

This paper analyses two types of models: 1. Those based on assumptions of monetary and financial market equilibrium … dynamics of financial market as well as the role of uncertainty, interdependency and dynamic complexity. We present here Minsky …