A note on different concepts of generalized equilibria

Article Abstract:

Analysis of Danilov and Sotskov's EV-equilibrium shows that a generalized equilibrium exists for the standard Arrow-Debreu model provided there is a continuum of traders. Relaxing the requirement that the standard Arrow-Debreau model must not have a survival assumption allows for the existence of a pseudo-equilibrium for a class of preference relations containing linear utility functions.

Distributions, Theory of (Functional analysis), Theory of distributions, Statistics (Mathematics), Mathematical statistics

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Symmetry breakings in Malinvaud's model with individual risks

Article Abstract:

Issues related to asymmetric equilibria are examined in detail in the context of exchange economies. The notion of individual risk is also analyzed in this context.

Risk (Economics)

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Continua of underemployment equilibria reflecting coordination failures, also at Walrasian prices

Article Abstract:

A model partly explains underemployment as a result of failures in coordination for a specialized economy.

Models, Underemployment

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