Random matching models have been used in Monetary Economics to argue that money can increase the well being of all agents in the economy. If the model features a finite number of agents it will be shown that there is an equilibrium, analogous to the contagious equilibria described in Kandori...

In a version of the Diamond and Dybvig [6] model with aggregate uncertainty, we show that there exists an equilibrium with the following properties: all consumers deposit at the bank, all patient consumers wait for the last period to withdraw, and the bank fails with strictly positive...

In a version of the Diamond and Dybvig (1983) model with aggregate uncertainty, we show that there exists an equilibrium with the following properties: all consumers deposit at the bank, all patient consumers wait for the last period to withdraw, and the bank fails with strictly positive...

We consider an asymptotic version of Mas-Colells theorem on the existence of pure strategy Nash equilibria in large games. Our result states that, if players payoff functions are selected from an equicontinuous family, then all sufficiently large games have an " pure, " equilibrium for all " 0....

We consider anonymous games with a Lebesgue space of players in which either the action space or players' characteristics are denumer- able. Our main result shows that the set of equilibrium distributions over actions coincides with the set of distributions induced by equilib- rium strategies....

Radzik (1991) showed that two-player games on compact intervals of the real line have " { equilibria for all " 0, provided that payo® functions are upper semicontinuous and strongly quasi-concave. In an attempt to generalize this theorem, Ziad (1997) stated that the same is true for n-player...

A sufficient condition for the discounted Folk Theorem is that for every individually rational payoff vector u, there exists another individually rational payoff vector v such that v  u. We present an example of a full dimensional game where this property fails to be satisfied....