A theory of general economic equilibrium with incomplete financial markets is developed with many new features … money. To this end, equilibrium is given a variational formulation that brings fresh tools to the subject. A different way … framework of the model, the proof of equilibrium is able moreover to proceed under far weaker assumptions than usual on the …

We offer new sufficient conditions ensuring demand is downward sloping local to equilibrium. It follows that … equilibrium is unique and stable in the sense that rising supply implies falling prices. In our setting, there are two goods … utility displays nonincreasing absolute risk aversion, then market demand is strictly downward sloping local to equilibrium …

Purpose - The purpose of this paper is to study the Hölder calmness of solutions to equilibrium problems and apply it … equilibrium problems are established. Findings - A new result in stability analysis for equilibrium problems and applications in …

We propose an equilibrium model for coupled markets of multiple energy sectors. The agents in our model are operators … equilibrium in coupled markets of multiple energy sectors. We illustrate via simple examples that these conditions are indeed … market equilibrium problem in more complex computational multilevel equilibrium models, in which uniqueness of lower levels …

functional and the definition of statistical equilibrium. The entropy functional is then extended to macroeconomics, replacing …

to be globally invertible so that there is a unique equilibrium. Indeed, we show that an excess demand function is …

general equilibrium models (DSGE). The main idea is to expand a solution in a series of powers of a small parameter scaling …