We focus on the private core [19] of an economy with a finite number of agents with differential information, a continuum of states and an infinite number of commodities. We state a nonemptiness result for the private core and provide a proof based on a fixed-point argument.

In this paper we formulate an age-structured two-sex population model which takes into account a monogamous marriage rule and the duration of marriage. We are mainly concerned with the existence of exponential solutions with a persistent age distribution. First we provide a semigroup method to...

This work consists of two parts. In the first one, we study a model where the assets are investment opportunities, which are completely described by their cash-flows. Those cash-flows follow some binomial processes and have the following property called stationarity: it is possible to initiate...