(1986) as special cases. The paper presents a notion of competitive equilibrium, called Drèze equilibrium, for this class of … controls. It is shown that Drèze equilibrium allocations are equivalent to allocations induced by stable outcomes. One …

(1986) as special cases. The paper presents a notion of competitive equilibrium, called Drèze equilibrium, for this class of … controls. It is shown that Drèze equilibrium allocations are equivalent to allocations induced by stable outcomes. One …

The purpose of this paper is to explore how the concept of a Drèze equilibrium can be extended to multiperiod …