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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 ...
Credit segmentation in general equilibrium
(Elsevier B.V., 2015)
We build a general equilibrium model with endogenous borrowing constraints compatible with credit
segmentation. There are personalized trading restrictions connecting prices with both portfolio constraints
and consumption ...
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. ...
Moral hazard and general equilibrium in large economies
(2001)
The paper analyzes a two period general equilibrium model with individual risk, aggregate uncertainty and moral hazard. There is a large number of households, each facing two individual states of nature in the second period. ...
An equivalent optimization formulation for the traffic assignment problem with asymmetric linear costs
(TAYLOR & FRANCIS LTD, 2009)
In this paper, we present a general formulation for the deterministic traffic assignment problem, using an equivalent optimization problem applicable to the case of asymmetric linear cost functions. We present a resolution ...
Estimating energy rationing costs on general equilibrium environment with compensating variation
(International Association for Energy Economics, 2017)
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 ...
General economic equilibrium with financial markets and retainability
(Springer, 2017)
A theory of economic equilibrium for incomplete financial markets in general real assets is developed in a new formulation with currency-denominated prices. The "goods" are not only commodities, and they can influence ...