Current trends in economics : theory and applications; proceedings of the Third International Meeting of the Society for the Advancement of Economic Theory, Antalya, Turkey, June 1997; with 55 tables

The twenty-nine papers selected for this volume cover topics in cooperative and noncooperative games, social choice and welfare, bargaining, matchings, auctions, mechanism design, general equilibrium, general equilibrium with fina¤nce, industrial organization, macroeconomics, and experimental economics. They reflect the diversity and depth of thought and method in economic theory and applications, as shown in the meetings of the Society for the Advancement ofEconomic Theory (SAET). Keywords: Game Theory, General Equilibrium, Finance, Dynamic Macroeconomic Models, WelfareEconomics, Social Choice Fields: Economic Theory/Mathematical Methods; Computational Mathematics and Scientific Computing¤Written for: Researchers Contents: E. Agliardi: Pseudo-supermodular games: theory and an application.- F. Aleskerov, E. Kurbanov: Degree of manipulability of social choice procedures.- A. Alkan: On the properties of stable many-to- many matchings under res¤ponsive preferences.- S. Altug, F. Demers, M. Demers:Cost uncertainty, taxation, and irreversible investment.- S. Athanasoulis, R. Shiller: The significance of the market portfolio: theory and evidence.- E. Basci, I. Saglam: Does money matter? A deterministic model with cash-in-advance constraints in factor markets.- S. Bose, G. Deltas: Welcoming the middlemen: restricting competition in auctions by excluding the consumers.- M. Dasgupta, R. Deb: Acyclicity¤ offuzzy preferences.- J. Davila: On the connection between correlated equilibria and sunspot equilibria.- F. Forges: Ex post individually rational trading mechanisms.- H. Gersbach, H. Haller: Allocationamong multi- member househol¤ds: issues, cores, and equilibria.- P. Hammond, A. Villar: Valuation equilibrium revisited.- C. Herrero, A. Villar: The equal-distance rule in allocation problems with single-peaked preferences.- A. Idzik:The existence of the sat¤isfactory point.- K. Kawamata:Optimal entry and the marginal contribution of a player.- L. Koutsougeras: On an Edgeworth characterization of rational expectations equilibria in atomless asset market economies.- S. Lahiri: A charac¤terization of the equal income market equilibrium choice correspondence based on average envy freeness.- B. Lucke: Non-keynesian effects of fiscal contractions: theory and applications for Germany.- M. Magill, M. Quinzii: Incentiv¤es and risk sharing in a stock market equilibrium.- M.-A. Oliva, L. A. Rivera-Batiz: Mergers and acquisations,bargaining, and synergy traps.- B. Z. Orbay: Protectionism versus non-protectionism under cost uncertainty in Cournot an¤d Stackelberg markets.- B. Peleg, J. Rosenmüller, P. Sudhölter: The canonical extensiveform of a game form: symmetries.- C. Ponsati, J. Sakovics: Bargaining ina changing environment.- D. Ramachandran, L. Rüschendorf: An extension of the nonatomic assignment model.- C. Seidl, S. Traub: Testingdecision rules for multiattribute decision making.- K. Serfes, N. C. Yannelis: Collusion and distribution of profits under differential information.- A. Stefanescu: Pr¤edicting proposal configurationsin cooperative games and exchange economies.- B. Taub: International financial equilibrium with risk sharing and private information.- R. Tourky: Remark on extended price equilibria.