Results 81 to 90 of about 144 (106)

Implementation in Economies with a Continuum of Agents.

open access: yes
The authors study a general implementation problem for exchange economies with a continuum of players and private information, and test the robustness of the results for sequences of approximating finite economies.
Vives, Xavier, Mas-Colell, Andreu
core  

Dynamic Legislative Policy Making [PDF]

open access: yes
We prove existence of stationary Markov perfect equilibria in an infinite-horizon model of legislative policy making in which the policy outcome in one period determines the status quo in the next.
John Duggan, Tasos Kalandrakis
core  

Cost Minimization of Nonconvex Firms under Prices in Normal Cones.

open access: yes
Clarke's normal cone has been frequently used to formulate the marginal cost pricing rule for nonconvex firms. The author provides examples where a firm with convex iso-output sets is not minimizing its cost at a price vector in the normal cone.
Ishimoto, Osamu
core  

Revealed group preferences on non-convex choice problems

open access: yes
This paper studies the conditions under which the basic results of the revealed preference theory can be established on the domain of choice problems which include non-convex feasible sets; the exercise is closely related to the works of Peters and ...
Efe A. Ok, Lin Zhou
core  

Moral Hazard and Private Monitoring

open access: yes
We analyze a model of repeated bilateral trade with moral hazard, where the quality of goods received can differ from the quality despatched due to deterioration during transportation.
V. Bhaskar, Eric van Damme
core  

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