Results 41 to 50 of about 15,730,620 (174)

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, Giulio Codognato, Franco Donzelli, Sayantan Ghosal, Damiano Turchet   +4 more
wiley   +1 more source

Economic Growth and Structural Change ? A Synthesis of the Walrasian General Equilibrium, Ricardian Distribution and Neoclassical Growth Theories

Asian Development Policy Review, 2017
This study proposes an economic growth model of structural change with heterogeneous households. It endogenously determine wealth accumulation and land value. Our model is based on three core theories in economics - Walrasian general equilibrium theory, Ricardian theory of distribution, and neoclassical growth theory. The paper is focused on effects of
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

Two Algorithms for Solving the Walrasian Equilibrium Inequalities [PDF]

We propose two algorithms for deciding if the Walrasian equilibrium inequalities are solvable. These algorithms may serve as nonparametric tests for multiple calibration of applied general equilibrium models or they can be used to compute counterfactual ...
Donald J. Brown, Ravi Kannan
core   +2 more sources

Safe implementation

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

CONTROVERSIAS ACTUALES EN LA TEORÍA PURA DEL DINERO

Cuadernos de Economía, 2000
En este trabajo se expone el debate actual sobre la teoría pura del dinero evaluando la validez de los resultados de dos clases de modelos neoclásicos -de generaciones traslapadas y de búsqueda- que intentan explicar el dinero a partir de la teoria del ...
Ari Wancier
doaj  

Bargaining Foundations for Price Taking in Matching Markets

International Economic Review, Volume 66, Issue 4, Page 1561-1575, October 2025.
ABSTRACT Agents make noncontractible investments before bargaining over who matches with whom and their terms of trade. An agent is a price taker when her investments do not change her potential partners' payoffs. This incentivizes socially optimal investments.
Matthew Elliott, Eduard Talamàs
wiley   +1 more source

Existence of Equilibria for Shared Goods

Journal of Public Economic Theory, Volume 27, Issue 4, August 2025.
ABSTRACT A shared good is an impure public good in which personalized consumptions are produced by groups using a sharing technology. Rivalry in consumption is captured by the shape of this technology. Private goods and pure public goods are special cases in which there is complete rivalry and no rivalry, respectively.
John A. Weymark
wiley   +1 more source

Evolution and Walrasian Behavior in Market Games [PDF]

We revisit the question of price formation in general equilibrium theory. We explore whether evolutionary forces lead to Walrasian equilibrium in the context of a market game, introduced by Shubik (1972).
Alexander Matros, Ted Temzelides
core  

Economic time as a regulator mechanism of self-organization economic system

RUDN Journal of Economics, 2014
In this article as an object of study is considered the economic system and the mechanism of self-organization. Subject of research-economic times in the mechanism of self-organization of the economic system.
S E Zhelayeva
doaj