Boundary behavior of excess demand and existence of equilibrium

Article Abstract:

A market equilibrium theorem which integrates and validate many paradigmatical results is presented. The theorem is applicable in extending the equilibrium results of large economies and augments Aumann's existence theorem. The theorem can be reduced further by arguing that the existence of a competitive quasi-equilibria can be assumed even without the monotony assumption of preferences. A comparison of the market equilibrium results of Grandmont and Neuefeind is also presented.

Equilibrium (Economics), Demand functions (Economics), Demand functions

---

Heterogeneity, stratification, and growth: macroeconomic implications of community structure and school finance

Article Abstract:

Income distribution and economic development are conditioned by economic stratification and the systems of education finance. Economic interaction is achieved through local public goods or externalities and total market linkages. As families settle into homogeneous groups, integration slows down economic progress in the short run and increases after a longer time frame. This intertemporal tradeoff is also observed when education is state-funded.

Economic aspects, Economic development, Social status, Income distribution, Federal aid to education, Government aid to education

---

Search market equilibrium, bilateral heterogeneity, and repeat purchases

Article Abstract:

A search market equilibrium model is developed to analyze one-sided heterogeneity, single and repeat purchase markets, and buyer and seller interactions. The model is also used to develop a unifying framework to describe search, entry and price dispersion in a heterogeneous market. Previous search market equilibrium models are discussed.

Vendors and purchasers (Law)

Similar abstracts:

• Abstracts: A note on firing costs and severance benefits in equilibrium unemployment. Contestability in a resource market with non-convex costs
• Abstracts: Union cooperations and nontraded goods in general equilibrium. Adverse selection in labor markets and international trade
• Abstracts: The current state of the law and economics of predatory pricing. The black hole of graft: the predatory state and the informal economy
• Abstracts: An information based explanation of the domestic bias in international equity investment. Bibliography of Gary Becker's publications, 1952-1992
• Abstracts: Financial liberalization and adjustment: the cases of Chile and New Zealand. Optimal monetary policies and policy interdependence in the world economy

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.