Results 31 to 40 of about 10,277 (175)
Reflections on Modern Macroeconomics: Can We Travel Along a Safer Road? [PDF]
, 2006 In this paper we sketch some reflections on the pitfalls and inconsistencies of the research program - currently dominant among the profession - aimed at providing microfoundations to macroeconomics along a Walrasian perspective.
A. Russo +42 more
core +2 more sources
Solving the n $n$‐Player Tullock Contest
Journal of Public Economic Theory, Volume 28, Issue 2, April 2026.ABSTRACT The n $n$‐player Tullock contest with complete information is known to admit explicit solutions in special cases, such as (i) homogeneous valuations, (ii) constant returns, and (iii) two contestants. But can the model be solved more generally?
Christian Ewerhart
wiley +1 more source
Order Routing and Market Quality: Who Benefits From Internalization?
Mathematical Finance, Volume 36, Issue 2, Page 397-421, April 2026.ABSTRACT Does retail order internalization benefit (via price improvement) or harm (via reduced liquidity) retail traders? To answer this question, we compare two market designs that differ in their mode of liquidity provision: In the setting capturing retail order internalization, liquidity is provided by market makers (wholesalers) competing for the ...
Umut Çeti̇n, Albina Danilova
wiley +1 more source
Monopoly in Bilateral Exchange: Some Historico‐Analytical Remarks
Journal of Public Economic Theory, Volume 27, Issue 6, December 2025.ABSTRACT In this paper, we characterize, under the assumption that the aggregate demand of the atomless part for the commodity held by the monopolist is invertible, the monopoly quantity setting solution proposed by Kats (1974a) as the monopolist's most preferred commodity bundle in the complement of the atomless part's offer curve which is feasible ...
Francesca Busetto +4 more
wiley +1 more source
EL PROBLEMA DE LA VARIACIÓN DE LOS PRECIOS: LOS LÍMITES DE LA TEORÍA WALRASIANA
Cuadernos de Economía, 2001 Este artículo propone un modelo de equilibrio general idéntico en todo al modelo walrasiano, salvo que incorpora un mecanismo endógeno de variación de los precios.
Carlo Benetti
doaj
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.
openaire +1 more source
Existence of a non‐stationary equilibrium in search‐and‐matching models: TU and NTU
Theoretical Economics, Volume 20, Issue 4, Page 1411-1460, November 2025.This paper proves the existence of a non‐stationary equilibrium in the canonical search‐and‐matching model with heterogeneous agents. Non‐stationarity entails that the number and characteristics of unmatched agents evolve endogenously over time.
Christopher Sandmann, Nicolas Bonneton
wiley +1 more source
Cuadernos de Economía, 2001 Este artículo propone un modelo de equilibrio general idéntico en todo al modelo walrasiano, salvo que incorpora un mecanismo endógeno de variación de los precios.
Benetti Carlo
doaj
International Journal of Sustainable Development & World Policy, 2015 This study builds a model to analyze dynamic interdependence between economic growth, structural change, inequality in income and wealth, habit formation and preference change in a heterogeneous-households economy. The analytical framework is based on the Walrasian general equilibrium theory and the neoclassical growth theory.
openaire +1 more source
Theoretical Economics, Volume 20, Issue 4, Page 1285-1322, November 2025.Implementation theory is concerned with the existence of mechanisms in which, at each state of the world, all equilibria result in outcomes that are within a given social choice correspondence (SCC). However, if agents make mistakes, if their preferences or the solution concept are misspecified, or if the designer is limited in what can be used as ...
Malachy James Gavan, Antonio Penta
wiley +1 more source