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On the manipulability of competitive equilibrium rules in many-to-many buyer–seller markets
(Springer Verlag, 2017)
We analyze the manipulability of competitive equilibrium allocation rules for the simplest many-to-many extension of Shapley and Shubik’s (Int J Game Theory 1:111–130, 1972) assignment game. First, we show that if an agent ...
Bailey's measure of the welfare costs of inflation as a general-equilibrium measure
(2017)
Lucas (2000) has shown that Bailey’s formula for the welfare costs of inflation can be regarded as an approximation to the general-equilibrium measures that emerge from the Sidrauski and the shopping-time models. In this ...
On equilibrium existence with endogenous restricted financial participation
(Elsevier, 2011)
Without requiring either financial survival assumptions or linear spanning conditions over financial
spaces, we prove equilibrium existence in an abstract incomplete market economy with endogenous
restricted financial ...
Existence of a competitive equilibrium when all goods are indivisible
(Elsevier, 2017)
This paper investigates an economy where all consumption goods are indivisible at the individual level,
but perfectly divisible at the overall level of the economy. In order to facilitate trading of goods, we
introduce ...
Recursive equilibrium with Price Perfect Foresight and a minimal state space
(Springer, 2016-01)
This paper analyzes general equilibrium models with finite heterogeneous agents who anticipate future prices through a price expectation function with or without accuracy. I show the existence of a recursive equilibrium ...
Computing the Strong Nash Equilibrium For Conforming Coalitions
(2015)
Computing the equilibrium point of games plays an important in computer science. A large number of methods are known for finding a Nash equilibrium. Nevertheless, Nash
equilibrium can be adopted only for non-cooperative ...
Pure strategy equilibria of single and double auctions with interdependent values
(Academic Press Inc Elsevier Science, 2009-01)
We prove the existence of monotonic pure strategy equilibrium for many kinds of asymmetric auctions with n bidders and unitary demands, interdependent values and independent types. The assumptions require monotonicity only ...
Stochastic transit equilibrium
(Elsevier, 2013)
We present a transit equilibrium model in which boarding decisions are stochastic. The
model incorporates congestion, reflected in higher waiting times at bus stops and increasing
in-vehicle travel time. The stochastic ...
Thermodynamic simulation of transesterification reaction by Gibbs energy minimization
(Elsevier Science BvAmsterdamHolanda, 2013)
Sensitivity Analysis in Computable General Equilibrium Models: An Application for the Regional Effects of the Free Trade Area of the Americas (FTAA)Sensitivity Analysis in Computable General Equilibrium Models: An Application for the Regional Effects of the Free Trade Area of the Americas (FTAA)
(Sociedade Brasileira de Econometria, 2005)