Equilibria in vector lattices without ordered preferences or uniform properness
Article Abstract:
A non-uniform model for formulating a properness notion that works without limitations can be utilized to extend the Mas-Colell equilibrium existence to non-ordered preferences. A quasi-equilibrium for the restriction of an economy that is suitable for aggregate endowment can be evaluated by using standard arguments. The commodity spaces of the Mas-Colell equilibrium also shows that an allocation of a non-trivial quasi-equilibrium with a discontinuous price system is sustainable. This condition is a consequence of properness conditions.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Continuous Nash equilibria
Article Abstract:
A model based on lower argmax topology was used to prove the existence of continuos Nash equilibria in continuos games. By analyzing the lower and higher correspondence of the argmax topology and representing them as payoff functions, it was concluded that players with identical characteristics in an equilibrium tend to choose similar actions. Technical and conceptual issues in non-cooperative games were also analyzed using the model.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Housing market short-term equilibrium maximising linear utility functions
Article Abstract:
Swedish data are used to analyze the housing market. Short-term equilibria and utility functions are analyzed, and Pareto-maximal points are located.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Equilibrium in abstract economies without the lower semi-continuity of the constraint maps. A parimutuel system with two horses and a continuum of bettors
- Abstracts: Asset equilibria in Lp spaces with complete markets: a duality approach. Is intertemporial choice theory testable?
- Abstracts: Fully modified least squares and vector autoregression. An asymptotic theory of Bayesian inference for time series
- Abstracts: Estimating deterministic trends in the presence of serially correlated errors. Money, prices, interest rates and the business cycle
- Abstracts: Rapid economic growth with increasing returns to scale and little or no productivity growth. Price distortions and resource-use efficiency in Indian agriculture: a restricted profit function approach