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Regular infinite economies
Covarrubias, Enrique - 2010
The main contribution of this paper is to place smooth infinite economies in the setting of the equilibrium manifold and the natural projection map à la Balasko. We show that smooth infinite economies have an equilibrium set that has the structure of a Banach manifold and that the natural...
Persistent link: https://www.econbiz.de/10003962133
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The number of equilibria of smooth infinite economies
Covarrubias, Enrique - 2011
We construct an index theorem for smooth infinite economies that shows that generically the number of equilibria is odd. As a corollary, this gives a new proof of existence and gives conditions that guarantee global uniqueness of equilibria. -- Uniqueness ; determinacy ; equilibria ; infinite...
Persistent link: https://www.econbiz.de/10009127582
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Intertemporal equilibria with knightian uncertainty
Dana, Rose-Anne; Riedel, Frank - 2010
; General Equilibrium Theory ; No Trade …
Persistent link: https://www.econbiz.de/10008736535
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On equilibrium prices in continuous time
Martins-da-Rocha, Victor Filipe (contributor);  … - 2008
We combine general equilibrium theory and théorie générale of stochastic processes to derive structural results about … equilibrium state prices. -- General equilibrium ; Continuous-time finance ; Théorie générale of stochastic processes ; Asset …
Persistent link: https://www.econbiz.de/10003729456
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Determinacy of competitive equilibria in economies with many commodities
Shannon, Chris - In: Economic theory : official journal of the Society for … 14 (1999) 1, pp. 29-87
Persistent link: https://www.econbiz.de/10001396498
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Gleichgewicht und Kapitalzins : eine Untersuchung über den Wandel des Gleichgewichtsbegriffs in der Kapital- und Gleichgewichtstheorie
Caspari, Volker - 2000
Die neoklassische Allgemeine Gleichgewichtstheorie vom Malinvaud-Arrow-Debreu Typ und die von Sraffas "Warenproduktion … mittels Waren" inspirierte klassische Theorie des allgemeinen Gleichgewichts der Produktion haben das gleiche Erkenntnisobjekt … paradigmatischen Ansätze unterscheiden sich jedoch hinsichtlich der Theorie zur Erklärung der zentralen ökonomischen Variablen und …
Persistent link: https://www.econbiz.de/10011402089
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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth
Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …
Persistent link: https://www.econbiz.de/10014023678
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Liquidity as an Investment Style
Ibbotson, Roger G. - 2013
We present comprehensive evidence in support of giving liquidity equal standing to size, value/growth, and momentum as investment styles, as defined by Sharpe (1992). First, we show that financial market liquidity, as identified by stock turnover, is an economically significant indicator of...
Persistent link: https://www.econbiz.de/10013093548
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Endogenous Learning in Input-Output Economies
Nasini, Stefano; Nessah, Rabia - 2021
Consider a multi-sector general equilibrium model where firms have incomplete information about the returns to scale of their production and where that information is sequentially updated once real production is observed. What is the impact of this learning dynamics on the market-wise...
Persistent link: https://www.econbiz.de/10013323833