local or global nonsatiation. Werner's existence result contrasts sharply with classical existence results for bounded … admit existence without local or global nonsatiation? This question is the focus of our paper. We make two main … considerably weaker than local or global nonsatiation - that makes possible this transformation. Moreover, as we show via examples …

volume when there are more buyers than sellers or when sellers have more bargaining power. In most cases, market surplus is … completely reallocated to sellers. In the markets with heterogeneous traders, sharing may either increase or decrease total trade …

In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to … for any network-coalition pair to persist and be stable (pairwise, strong, or Nash) it is necessary and sufficient that …

establish a link between the generic network and its partitioned or quotient graph, and use it to relate the Nash equilibrium … that geometrically characterise the key class for an optimal reduction (or increase) in the aggregate and the per …

This paper investigates a model of default in financial networks where the decision by one agent on whether or not to …

Measuring individual productivity (or equivalently distributing the overall productivity) in a network structure of …

groups and limited across groups, may either increase or impede voluntary contributions. Moreover, although efficiency …