We introduce two new variations on the Nash demand game. In one, as in all past variants of Nash demand games, the Nash bargaining solution is the equilibrium outcome. The other demand game allows for probabilistic continuation in cases of infeasible joint demands. Specifically, with probability...

This chapter is concerned with the long-term tendencies of paths of capital accumulation that maximize, in some sense, a utility sum for society over an unbounded time span. However, the structure of the problem is characteristic of all economizing over time whether on the social scale or the...