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Differential information economies are investigated from the viewpoint of contract based approach, developed in series of author's papers. The key idea of the approach is to change the study of a “final” allocation of commodities with (different forms) stable webs of barter contracts which...
Persistent link: https://www.econbiz.de/10013135260
The paper applies and elaborates contractual approach to study economies with a production sector. Economies with convex, non-convex production and with public goods are considered. The notions and terms of barter contractual approach developed in Marakulin (2003a) for exchange economies are now...
Persistent link: https://www.econbiz.de/10013135451
The study is aimed to investigate the convergence to equilibrium of trajectories generated by contractual processes. “Contractual process” is a view on economy’s self-regulation, describing any state of exchange economy as a set of barter contracts among agents/coalitions. It is assumed...
Persistent link: https://www.econbiz.de/10014188342
A domination concept, based on the notion of an exchange contract, is proposed and studied in this paper. Doing so, the classical notion of domination via coalitions is transmitted onto systems (webs) of contracts and onto allocations, whose stability is investigated. This way, the proposed...
Persistent link: https://www.econbiz.de/10014188343