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.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Consistent moment selection procedures for generalized method of moments estimation. Tests for parameter instability and structural change with unknown change point
- Abstracts: Stability of tatonnement processes of short period equilibria with rational expectations. Nash competitive equilibria and two-period fund separation
- Abstracts: Ordinality of solutions of noncooperative games. Generic regularity of competitive equilibria with restricted participation
- Abstracts: Prediction intervals for growth curve forecasts. Order series method for forecasting non-Gaussian time series
- Abstracts: Essential equilibria of n-person noncooperative games. An ordinal selection of stable sets in the sense of Hillas