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Designing a strategyproof spot market mechanism with many traders : twenty-two steps to Walrasian equilibrium

Hammond, Peter J. - In: Economic theory : official journal of the Society for … 63 (2017) 1, pp. 1-50

Persistent link: https://www.econbiz.de/10011723270

Catastrophic risk, rare events, and black swans : could there be a countably additive synthesis?

Hammond, Peter J. - In: The economics of the global environment : catastrophic …, (pp. 17-38). 2016

Persistent link: https://www.econbiz.de/10011730677

Allocation mechanisms, incentives, and endemic institutional externalities

Hammond, Peter J. - In: Social design : essays in memory of Leonid Hurwicz, (pp. 175-186). 2019

Persistent link: https://www.econbiz.de/10012061478

On f-core equivalence with general widespread externalities

Hammond, Peter J. - In: Journal of Mathematical Economics 32 (1999) 2, pp. 177-184

Persistent link: https://www.econbiz.de/10005388319

Equal rights to trade and mediate

Hammond, Peter J. - In: Social Choice and Welfare 21 (2003) 2, pp. 181-193

Persistent link: https://www.econbiz.de/10005752880

Monte Carlo simulation of macroeconomic risk with a continuum of agents: the symmetric case

Hammond, Peter J.; Sun, Yeneng - In: Economic Theory 21 (2003) 2, pp. 743-766

Suppose a large economy with individual risk is modeled by a continuum of pairwise exchangeable random variables (i.i.d., in particular). Then the relevant stochastic process is jointly measurable only in degenerate cases. Yet in Monte Carlo simulation, the average of a large finite draw of the...

Persistent link: https://www.econbiz.de/10005753125