Economic Agents' Behaviors During the Coronavirus Pandemic: Theoretical Overview and Prospective Approach. [PDF]
J Knowl Econ, 2022 Jemli R, Chtourou N.
europepmc +1 more source
This paper proposes a novel framework for economic equilibrium theory, unifying dual semidefinite programming (Dual SDP) and Walrasian general equilibrium theory into a "matrix variational inequality system." Unlike traditional Walrasian models that only deal with scalar price spaces, this paper introduces the positive semidefinite price operator P⪰0 ...
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Market Based, Segregated Exchanges with Default Risk [PDF]
This paper studies a competitive general equilibrium model with default and endogenous collateral constraints. Even though all collateralized contracts are allowed, the possibility and desirability of trade in spot markets (or the equivalent trade in ex ...
Townsend, Robert, Kilenthong, Weerachart
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Higher-Order Optimality Conditions in Set-Valued Optimization with Respect to General Preference Mappings. [PDF]
Set Valued Var Anal, 2022 Michalak A, Studniarski M.
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Equilibrium Wage Distributions [PDF]
This paper analyzes equilibrium in labor markets with costly search. Even in steady state equilibrium, identical labor may receive different wages; this may be the case even when the only source of imperfect information is the inequality of wages which ...
Joseph E. Stiglitz
core
OSCILLATIONS IN THE WALRASIAN GENERAL EQUILIBRIUM THEORY WITH ENDOGENOUS WEALTH AND HUMAN CAPITAL ACCUMULATION [PDF]
, 2016 This paper generalizes the dynamic growth model with wealth accumulation and human capital accumulation proposed by Zhang (2013) by making all the parameters as time-dependent parameters.
ZHANG, Wei Bin
core
Decentralization of the core through Nash equilibrium [PDF]
We show that in large finite economies, core allocations can be approximately decentralized as Nash (rather than Walras) equilibrium. We argue that this excrcise is an essential complement to asymptotic core equivalence results, because it implies that ...
KOUTSOUGERAS, Leonidas, ZIROS, Nicholas
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Externalities, Monopoly and the Objective Function of the Firm [PDF]
This paper provides a theory of general equilibrium with externalities and/or monopoly. We assume that the firm's decisions are based on the preferences of shareholders and/or other stakeholders.
Frank Milne, David Kelsey
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The impact of environmental regulations on the location choice of newly built polluting firms: based on the perspective of new economic geography. [PDF]
Environ Sci Pollut Res Int, 2022 Peng N, Zhang X.
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On the Right Side for the Wrong Reason : Friedman on the Marshall-Walras divide [PDF]
The aim of this article is to assess Friedman’s claim, put forward in his 1949 article on the Marshallian demand curve, that there is a methodological divide between the Marshallian and Walrasian approaches.
Michel, DE VROEY
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