Results 21 to 30 of about 15,730,620 (174)
Pairwise Imitation and Tournament Graphs
International Economic Review, Volume 67, Issue 3, Page 937-955, August 2026.ABSTRACT This paper investigates strategic dynamics under the behavioral rule of pairwise interact and imitate (PII), which requires minimal information and emphasizes outperforming opponents in pairwise interactions. We characterize PII using weak tournament graphs and, for a broad class of dynamics, establish a one‐shot stability result for ...
Sung‐Ha Hwang +3 more
wiley +1 more source
Asian Journal of Economic Modelling, 2017 The purpose of this study is to examine dynamic interdependence between economic development, wealth and income distributions, and discrimination in an integrated Walrasian-general-equilibrium and neoclassical-growth theory. We build a dynamic economy with one consumer goods sector, one capital goods sector, and heterogeneous households.
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On Aubin's Veto Mechanism: A Survey
Journal of Public Economic Theory, Volume 28, Issue 4, August 2026.ABSTRACT We revisit Aubin's veto mechanism—known as the fuzzy veto—in which agents may participate in a blocking coalition with only a fraction of their endowments, and show that its Core‐Walras equivalence stems directly from the classical Debreu‐Scarf and Aumann theorems.
Carlos Hervés‐Beloso +2 more
wiley +1 more source
Bounded Rational Players in a Symmetric Random Exchange Market
MathematicsA model of Edgeworthian economies is studied, in which participants are randomly chosen at each period to exchange two goods to increase their utilities, as described by the Cobb–Douglas utility function.
Aliyu Yusuf +3 more
doaj +1 more source
Decentralization for the Core of Non‐Convex Economies With Externalities
Journal of Public Economic Theory, Volume 28, Issue 4, August 2026.ABSTRACT We study pure exchange economies with consumption externalities, where agents' preferences depend on others' consumption and may be non‐convex. Adopting a cooperative approach, we allow agents to form coalitions and introduce a notion of generalized fuzzy core. We show that core allocations can be decentralized via suitable price systems.
Maria Gabriella Graziano +2 more
wiley +1 more source
Climate Change Laws and European Stock Markets: An Event Analysis
International Journal of Finance &Economics, Volume 31, Issue 3, Page 3027-3058, July 2026.ABSTRACT Under the context of the climate change we assess the impact of EU's legislative initiative on European stock markets. Specifically, we focus on its impact on energy and Environmental Social Governance (ESG) sectors for equity returns and volatility for a representative basket of EU countries (participating also in Eurozone) as well as ...
Theodoros Bratis +2 more
wiley +1 more source
Rate of Interest and Intertemporal Preferences in Multisectoral Frameworks: A Critical View
Metroeconomica, Volume 77, Issue 3, Page 243-250, July 2026.ABSTRACT This paper analyses a closure of Sraffa's price system found in some neoclassical literature, which involves equating the rate of interest with the rate of time preference. This closure aims to reconnect the rate of interest with individuals' intertemporal preferences.
Enrico Bellino, Gabriel Brondino
wiley +1 more source
Journal of Economic Development, 2017 This study deals with interactions between social status, economic growth and income and wealth distribution in an economic growth model of heterogeneous households with economic structure. The model emphasizes the role of social status on economic structural change and wealth and income distribution.
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Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis
Metroeconomica, Volume 77, Issue 3, Page 265-273, July 2026.ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
wiley +1 more source
Annals of the Alexandru Ioan Cuza University - Economics, 2014 Abstract This paper is concerned with relationship between growth and land value change. It builds a heterogeneous-households growth model with endogenous wealth accumulation and fixed nondepreciating asset (land) in an integrated Walrasian general equilibrium and neoclassical growth theory.
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