The idea of treating factor price equalization as a situation, where the distribution of factors among countries is compatible with an equilibrium in an integrated world economy, has been refined to give the so-called lens condition for factor price equalization. In this paper, we show that the...

"This book provides a comprehensive introduction to general equilibrium theory, covering the standard topics as well as the developments of the theory over the past fifty years. This ensures that the reader gains a thorough account of what has been established both in pure theory and in...

This paper proposes a mechanism for the regulation of firms in the context of asymmetric information with the aim to induce firms to report its private information truthfully and to save information rents. Baron and Myerson (1982) have considered this problem and derived an optimal policy for...

1: One-Good Production and Consumption Models -- 2: Reduced Models -- 3: Efficiency Criteria -- 4: Measures of Curvature and General Efficiency Criteria -- 5: Approximating Sets and Measures of Curvature -- 6: Market Structures and Overlapping Market Economies -- 7: Reduced Many-Goods Models --...

This paper investigates the number of profiles at which a social choice function is manipulable. It is found that there is a lower bound on this number when the social choice function is assumed non-dictatorial. Also, any number between this lower bound and the maximal number of profiles may be...