The index theorem for a GEI economy when the degree of incompleteness is even

Article Abstract:

A system of computing the index in an incomplete market economy is presented; the index theorem is studied with regard to its application in general equilibrium model with incomplete markets, to find multiple equilibria and sunspots, among other interesting phenomena. The paper shows that generically in endowments and asset structure, the index theorem is applicable when the deficiency of markets is even. The finding derived from the indices of homotopies presented for calculation of equilibria in these markets.

Global economy

---

Discrete fixed point theorem reconsidered

Article Abstract:

The inaccuracy of Iimura's discrete fixed point theorem is shown through an example. By the application of the concept of integrally convex sets, the correct form of the theorem is presented.

---

A positional version of Arrow's theorem

Article Abstract:

A new version of Arrow's theorem, based on two horizontal aggregation conditions, is presented. Strict preference, dictatorship, etc. are discussed.

Dictatorship

Similar abstracts:

• Abstracts: The structure of the pseudo-equilibrium manifold in economies with incomplete markets. Hamilton approach to multi-dimensional screening
• Abstracts: Existence and properties of a value allocation for an economy with differential information. Uniform continuity of information combination: a corrigendum
• Abstracts: The geometric structure of some systems of demand equations. A stable Nash mechanism implementing Lindahl allocations for quasi-linear environments
• Abstracts: Forecasting the price of crude oil via convenience yield predictions. In search of leading indicators of economic activity in Germany
• Abstracts: Equilibrium analysis, banking and financial instability. Competitive prizes: when less scrutiny induces more effort

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