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Approximate recursive equilibrium with minimal state space
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2013-02-26)
This paper shows existence of approximate recursive equilibrium with minimal state space in an environment of incomplete markets. We prove that the approximate recursive equilibrium implements an approximate sequential ...
Economics of law on the effectiveness of compensating social equilibrium
(Universidad del Zulia, 2019)
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 ...
Equilibrios múltiples, modelización macroeconómica y subdesarrollo / Multiple equilibrium, macroeconomic modeling and underdevelopment
(2013-11-11)
In this paper we present an analysis of the concept of general equilibrium, its limitations, potential
and misinterpretations. We clarify the difference between structural equilibrium and dynamical
equilibrium, reflecting ...
Non-equilibrium social science and policy : introduction and essays on new and changing paradigms in socio-economic thinking
Between 2011 and 2014 the European Non-Equilibrium Social Science
Project (NESS) investigated the place of equilibrium in the social sciences and
policy. Orthodox economics is based on an equilibrium view of how the ...
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 ...
General equilibrium in CLO markets
(Elsevier, 2007)
We address a two-period equilibrium model with securitization of collateral-backed promises. Borrowers
may suffer extra-economic default penalties and debts are pooled into collateralized loans obligations (CLO),
allowing ...
Solving Deterministic and Stochastic Equilibrium Problems via Augmented Walrasian
(Springer, 2019)
We described a method to solve deterministic and stochastic Walras equilibrium
models based on associating with the given problem a bifunction whose
maxinf-points turn out to be equilibrium points. The numerical procedure ...
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 ...
Equilibrium Portfolios in the Neoclassical Growth Model
(Universidad de San Andrés. Departamento de Economía, 2005-12)