Individuals exchange contracts for the deliveryof commodities in competitive markets and, simultaneously, act strategically; actions affect utilities across individuals directlyor through the payoffs of contracts. This encompasses economies with asymmetric information. Nash-Walras equilibria exist for large economies, even if utilityfunctions are not quasi - concave and choice sets are not convex, which is the case in standard settings; the separation of the purchase from the sale of contracts and the pooling of the deliveries on contracts guarantee that the markets for commodities clear.Nash, Walras, equilibrium, asymmetric information
At a Nash–Walras equilibrium, individuals exchange commodities com-petitively, and, simultaneously, ...
Economies with asymmetric information are encompassed by an extension of the model of general compet...
We consider a simple model of competition under moral hazard with constant return technologies. We c...
Individuals exchange contracts for the deliveryof commodities in competitive markets and, simultaneo...
Discussion paper - CORE, Université Catholique de Louvain, n° 9943Individuals exchange contracts for...
Discussion paper - CORE, Université Catholique de Louvain, n° 9943Individuals exchange contracts for...
Discussion paper - CORE, Université Catholique de Louvain, n° 9943Individuals exchange contracts for...
Discussion paper - CORE, Université Catholique de Louvain, n° 9943Individuals exchange contracts for...
In this thesis, two most fundamental problems in economic theory, namely the existence and the optim...
In this thesis, two most fundamental problems in economic theory, namely the existence and the optim...
At a Nash–Walras equilibrium, individuals exchange commodities competitively, and, simultaneously, t...
International audienceThis paper deals with the problem of implementing the Walras correspondence vi...
International audienceThis paper deals with the problem of implementing the Walras correspondence vi...
International audienceThis paper deals with the problem of implementing the Walras correspondence vi...
International audienceThis paper deals with the problem of implementing the Walras correspondence vi...
At a Nash–Walras equilibrium, individuals exchange commodities com-petitively, and, simultaneously, ...
Economies with asymmetric information are encompassed by an extension of the model of general compet...
We consider a simple model of competition under moral hazard with constant return technologies. We c...
Individuals exchange contracts for the deliveryof commodities in competitive markets and, simultaneo...
Discussion paper - CORE, Université Catholique de Louvain, n° 9943Individuals exchange contracts for...
Discussion paper - CORE, Université Catholique de Louvain, n° 9943Individuals exchange contracts for...
Discussion paper - CORE, Université Catholique de Louvain, n° 9943Individuals exchange contracts for...
Discussion paper - CORE, Université Catholique de Louvain, n° 9943Individuals exchange contracts for...
In this thesis, two most fundamental problems in economic theory, namely the existence and the optim...
In this thesis, two most fundamental problems in economic theory, namely the existence and the optim...
At a Nash–Walras equilibrium, individuals exchange commodities competitively, and, simultaneously, t...
International audienceThis paper deals with the problem of implementing the Walras correspondence vi...
International audienceThis paper deals with the problem of implementing the Walras correspondence vi...
International audienceThis paper deals with the problem of implementing the Walras correspondence vi...
International audienceThis paper deals with the problem of implementing the Walras correspondence vi...
At a Nash–Walras equilibrium, individuals exchange commodities com-petitively, and, simultaneously, ...
Economies with asymmetric information are encompassed by an extension of the model of general compet...
We consider a simple model of competition under moral hazard with constant return technologies. We c...