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Endogenous market incompleteness without market frictions : dynamic suboptimality of competitive equilibrium in multiperiod overlapping generations economies

Henriksen, Espen; Spear, Stephen E. - In: Journal of economic theory 147 (2012) 2, pp. 426-449

Persistent link: https://www.econbiz.de/10009663700

Equilibria with incomplete markets and overlapping generations

Cass, David; Green, Richard C.; Spear, Stephen E. - 1991

Persistent link: https://www.econbiz.de/10000828266

Stationary equilibria with incomplete markets and overlapping generations

Cass, David - In: International economic review 33 (1992) 3, pp. 495-512

Persistent link: https://www.econbiz.de/10001128037

The electricity market game

Spear, Stephen E. - In: Journal of economic theory 109 (2003) 2, pp. 300-323

Persistent link: https://www.econbiz.de/10001765789

Learning competitive equilibrium

Crockett, Sean; Spear, Stephen E.; Sunder, Shyam - In: Journal of mathematical economics 44 (2008) 7/8, pp. 651-671

Persistent link: https://www.econbiz.de/10003743329

Price stickiness and markup variations in market games

Chen, Guo; Korpeoglu, C. Gizem; Spear, Stephen E. - In: Journal of mathematical economics 72 (2017), pp. 95-103

Persistent link: https://www.econbiz.de/10011833217

A Simple Decentralized Institution for Learning Competitive Equilibrium

Sunder, Shyam; Crockett, Sean; Spear, Stephen - 2020

The epsilon-intelligent competitive equilibrium algorithm is a decentralized alternative to Walrus' tatonnement procedure for markets to arrive at competitive equilibrium. We build on the Gode-Spear-Sunder zero-intelligent algorithm in which random generation of bids and offers from agents'...

Persistent link: https://www.econbiz.de/10014349108