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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.
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 ...
ON ADAM SMITHS NEWTONIANISM AND GENERAL ECONOMIC EQUILIBRIUM THEORY
(ROUTLEDGE, 2006)
It is often assumed that Newton played an important role in shaping Smith’s connection with general economic equilibrium theory. In this essay, the widespread view of Adam Smith as a forerunner of general economic equilibrium ...
The General Equilibrium Framework with Default and Collateral
(EGV EPGE, 2013)
The General Equilibrium Framework with Default and Collateral
(EGV EPGE, 2013)
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 ...
About manifolds and determinacy in general equilibrium theory
(Universidad de Chile. Facultad de Economía y Negocios, 2003-12)
In this paper we prove that the social equilibrium set, of an exchange economy,
with consumption space as a subset of a Banach space is a Banach manifold, and
this characterization does not depend on the number of ...
Financial markets with endogenous transaction costs
(Springer, 2010-10)
The paper proposes an alternative general equilibrium formulation of financial asset economies with transaction costs. Transaction costs emerge endogenously at equilibrium and reflect agents' decisions of intermediating ...
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 ...