At a Nash - Walras equilibrium, individuals exchange commodities competitively, and, simultaneously, they interact … strategically. Under standard assumptions, NashWalras equilibria exist, equilibrium profiles of actions are, typically, determinate …

The competitive equilibrium correspondence, which associates equilibrium prices of commodities and assets with …

's 1979 book Microeconomic Foundations of Keynesian Macroeconomics. Such equilibria are defined in a general equilibrium model …

The Nash equilibrium solution concept for games is based on the assumption of expected utility maximization. Reference … two types of loss-aversion equilibrium, a solution concept endogenizing reference points. The two types reflect different … fulfilled. We show existence of myopic loss-aversion equilibrium for any extended game, and compare it to Nash equilibrium …

modification of the model of general competitive equilibrium that encompasses monetary economies with an operative transactions …, monetary policy fails to determine the distribution of the rate of inflation or the allocation of resources at equilibrium. If …

is a non-trivial multiplicity of equilibrium paths of prices of commodities. Determinacy requires that, subject to no …

The Nash equilibrium solution concept for strategic form games is based on the assumption of expected utility … characteristics of the players. We define loss-aversion equilibrium, a solution concept endogenizing reference points. Reference … points emerge as expressions of anticipation which are fulfilled in equilibrium. We show existence of loss aversion …

equilibrium correspondence, which associates equilibrium prices of commodities to allocations of endowments; the argument extends … the prices of commodities and the distribution of income. The graph of the equilibrium correspondence or of the aggregate … equilibrium correspondence or the aggregate demand function imply that general equilibrium theory has testable implications. …