Anonymity and Optimality of Competitive Equilibria when Markets are Incomplete

Anonymity and Optimality of Competitive Equilibria when Markets are Incomplete PDF Author: Atsushi Kajii
Publisher:
ISBN:
Category :
Languages : en
Pages : 74

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Anonymity and Optimality of Competitive Equilibria when Markets are Incomplete

Anonymity and Optimality of Competitive Equilibria when Markets are Incomplete PDF Author: Atsushi Kajii
Publisher:
ISBN:
Category :
Languages : en
Pages : 74

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Book Description


Theory of Incomplete Markets

Theory of Incomplete Markets PDF Author: Michael Magill
Publisher: MIT Press
ISBN: 9780262632546
Category : Business & Economics
Languages : en
Pages : 566

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Book Description
Theory of incompl. markets/M. Magill, M. Quinzii. - V.1.

Anonymity and Optimality of Competitive Equilibria when Markets are Complete

Anonymity and Optimality of Competitive Equilibria when Markets are Complete PDF Author: Atsushi Kajii
Publisher:
ISBN:
Category :
Languages : en
Pages : 56

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General Equilibrium Analysis

General Equilibrium Analysis PDF Author: Monique Florenzano
Publisher: Springer Science & Business Media
ISBN: 140207512X
Category : Business & Economics
Languages : en
Pages : 198

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Book Description
General Equilibrium Analysis is a systematic exposition of the Walrasian model of economic equilibrium with a finite number of agents, as formalized by Arrow, Debreu and McKenzie at the beginning of the fifties and since then extensively used, worked and studied. Existence and optimality of general equilibrium are developed repeatedly under different sets of hypothesis which define some general settings and delineate different approaches to the general equilibrium existence problem. The final chapter is devoted to the extension of the general equilibrium model to economies defined on an infinite dimensional commodity space. The objective of General Equilibrium Analysis is to give to each problem in each framework the most general solution, at least for the present state of art. The intended readers are graduate students, specialists and researchers in economics, especially in mathematical economics. The book is appropriate as a class text, or for self-study.

Foundations of Insurance Economics

Foundations of Insurance Economics PDF Author: Georges Dionne
Publisher: Springer Science & Business Media
ISBN: 0792392043
Category : Business & Economics
Languages : en
Pages : 748

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Book Description
Economic and financial research on insurance markets has undergone dramatic growth since its infancy in the early 1960s. Our main objective in compiling this volume was to achieve a wider dissemination of key papers in this literature. Their significance is highlighted in the introduction, which surveys major areas in insurance economics. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those who desire to conduct research and teach in the field. In particular, we hope that this compilation and our introduction will be useful to graduate students and to researchers in economics, finance, and insurance. Our criteria for selecting articles included significance, representativeness, pedagogical value, and our desire to include theoretical and empirical work. While the focus of the applied papers is on property-liability insurance, they illustrate issues, concepts, and methods that are applicable in many areas of insurance. The S. S. Huebner Foundation for Insurance Education at the University of Pennsylvania's Wharton School made this book possible by financing publication costs. We are grateful for this assistance and to J. David Cummins, Executive Director of the Foundation, for his efforts and helpful advice on the contents. We also wish to thank all of the authors and editors who provided permission to reprint articles and our respective institutions for technical and financial support.

Journal of Economic Theory

Journal of Economic Theory PDF Author: Pennsylvania
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 814

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Equilibria with Incomplete Markets and Overlapping Generations

Equilibria with Incomplete Markets and Overlapping Generations PDF Author: David Cass
Publisher:
ISBN:
Category :
Languages : en
Pages : 48

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Constrained Suboptimality in Incomplete Markets

Constrained Suboptimality in Incomplete Markets PDF Author: Alessandro Citanna
Publisher:
ISBN:
Category :
Languages : en
Pages : 44

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Differential Information Economies

Differential Information Economies PDF Author: Dionysius Glycopantis
Publisher: Springer Science & Business Media
ISBN: 3540269797
Category : Business & Economics
Languages : en
Pages : 656

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Book Description
One of the main problems in current economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Bayesian equilibrium of a dynamic, noncooperative game. The question arises whether it is possible to provide Walrasian type or cooperative equilibrium concepts which have these properties. This volume contains original contributions on noncooperative and cooperative equilibrium notions in economies with differential information and provides answers to the above questions. Moreover, issues of stability, learning and continuity of alternative equilibria are also examined.

Allocation, Information and Markets

Allocation, Information and Markets PDF Author: John Eatwell
Publisher: Springer
ISBN: 1349202150
Category : Business & Economics
Languages : en
Pages : 321

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Book Description
This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.