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Recursive Competitive Equilibrium [PDF]
Economics Letters, 1984 In this article we define a Recursive Competitive Equilibrium, provide an example and review the related literature. The article is an entry prepared for The New Palgrave: A Dictionary of Economics, 2nd Edition (Palgrave Macmillan: New York).
Rajnish Mehra
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Incentives in competitive search equilibrium [PDF]
The Review of Economic Studies, 2007 This paper analyses the interaction between internal agency problems within firms and external search frictions when workers have private information. We show that the allocation of resources is determined by a modified Hosios Rule.
Moen, Espen R., Rosen, Asa
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Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium [PDF]
Econometrica, 2003 We compare three pricing mechanisms for monetary economies: bargaining (search equilibrium); price taking (competitive equilibrium); and price posting (competitive search equilibrium).
Guillaume Rocheteau, Randall Wright
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Competitive bargaining equilibrium [PDF]
Journal of Economic Theory, 2004 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Julio Dávila, Jan Eeckhout
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Competitive equilibrium cycles [PDF]
Journal of Economic Theory, 1985 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Benhabib, Jess, Nishimura, Kazuo
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On a spontaneous decentralized market process
Journal of Mechanism and Institution Design, 2017 We examine a spontaneous decentralized market process widely observed in real life labor markets. This is a natural random decentralized dynamic competitive process.
Satoru Fujishige, Zaifu Yang
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Markov Equilibria in Dynamic Matching and Bargaining Games [PDF]
, 2004 Rubinstein and Wolinsky (1990) show that a simple homogeneous market with exogenous matching has continuum of (non-competitive) perfect equilibria, but the unique Markov perfect equilibrium is competitive.
Gale, Douglas, Sabourian, Hamid
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Divine Proportion of The Invisible Hand: a New Look at Adam Smith’s Natural Theology
Журнал институциональных исследований, 2022 Recent research on labor-search-leisure model has described local multiple equilibria of Invisible hand under wage and price dispersion.
Sergey Malakhov
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Competitive Equilibrium with Indivisibilities [PDF]
Journal of Economic Theory, 1998 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Budget Allocation in a Competitive Communication Spectrum Economy
EURASIP Journal on Advances in Signal Processing, 2009 This study discusses how to adjust “monetary budget” to meet each user's physical power demand, or balance all individual utilities in a competitive “spectrum market” of a communication system.
Ming-Hua Lin, Jung-Fa Tsai, Yinyu Ye
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