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Existence of an equilibrium for infinite horizon economies with and without complete information
(Elsevier Science Sa, 2012-08)
This work proves the existence of an equilibrium for an infinite horizon economy where trade takes place sequentially over time. There exist two types of agents: the first correctly anticipates all future contingent ...
On equilibrium prices in continuous time
(Escola de Pós-Graduação em Economia da FGV, 2008-02-28)
We combine general equilibrium theory and théorie générale of stochastic processes to derive structural results about equilibrium state prices.
Ergodic Markov equilibrium with incomplete markets and short sales
(2013)
This paper studies recursive exchange economies with short sales. Agents maximize discounted expected utility. The asset structure is general and includes real securities, infinite-lived stocks, options, and other derivatives. ...
Sequential equilibrium in incomplete markets with long-term debt
(Universidad de Chile. Facultad de Economía y Negocios, 2018)
This paper proves equilibrium existence in an incomplete market sequential economy
with finitely-lived debt contracts. Introducing credit constraints limiting agents’ access to liquidity, we show that a competitive ...
Variational inequalities and economic equilibrium
(2007)
Variational inequality representations are set up for a general Walrasian model of consumption and production with trading in a market. The variational inequalities are of functional rather than geometric type and therefore ...
A further note on the college admission game
(SPRINGER HEIDELBERGHEIDELBERG, 2012)
When a stable matching rule is used for a college admission market, questions on incentives facing agents of both sides of the market naturally emerge. This note states and proves four important results which fill a gap ...
Economics of law on the effectiveness of compensating social equilibrium
(Universidad del Zulia, 2019)
Phase equilibrium in polyethylene glycol/maltodextrin aqueous two-phase systems
(Elsevier Sci LtdOxfordInglaterra, 2000)
Bubbles, collateral and monetary equilibrium
(Escola de Pós-Graduação em Economia da FGV, 2006-04-01)
Consider an economy where infinite-lived agents trade assets collateralized by durable goods. We obtain results that rule out bubbles when the additional endowments of durable goods are uniformly bounded away from zero, ...
Games with discontinuous payoffs: A strengthening of Reny's existence theorem
(2011)
We provide a pure Nash equilibrium existence theorem for games with discontinuous payoffs whose hypotheses are in a number of ways weaker than those of the theorem of Reny (1999). In comparison with Reny's argument, our ...