In [1] we presented a model for transactions when goods are given away in the expectation of a later settlement. In settings where people keep track of their social accounts we were able to redefine concepts like account balance, yield curve and the law of diminishing returns. In this paper we establish a general equilibrium theorem, conjectured in [1], by developing sufficient conditions for any instance of the standard model (or Gift Economy Model) to have a unique equilibrium. The convergence to that equilibrium is exponential and for each pair of entities P and Q the total sum of yields from all mutual transactions is equal to zero
In the spirit of Smale's work, we consider a pure exchange economy with general consumption sets. We...
There is widespread conjecture that distributional concerns like fair-ness and altruism, found to sh...
We provide simple generalizations of the three principal theorems of general equilibrium (existence ...
General equilibrium of individual gifts We study the properties of a social system with several ag...
We study general equilibrium with nonconvexities. In these economies there exist sunspot equilibria ...
This dissertation examines the Nash equilibrium in giving by private individuals when the gifts are ...
This paper explores the existence of monetary general equilibrium in the context of a classical mode...
We lay a unified foundation for a theory of general equilibrium by proving the existence of an equil...
Economic activity has always been a fundamental part of society. With recent social and political ch...
This paper develops a general equilibrium framework of a continuum economy in which collective good...
In the paper we study a general equilibrium model with specialization and division of labor. The fun...
This paper presents a class of examples where a nonmonetary economy converges in a tatonnement proce...
42 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2006.I derive testable implications...
Cahiers de la MSE, Série Bleue, 1999.76The purpose of this paper is to explain the role of financial...
A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically d...
In the spirit of Smale's work, we consider a pure exchange economy with general consumption sets. We...
There is widespread conjecture that distributional concerns like fair-ness and altruism, found to sh...
We provide simple generalizations of the three principal theorems of general equilibrium (existence ...
General equilibrium of individual gifts We study the properties of a social system with several ag...
We study general equilibrium with nonconvexities. In these economies there exist sunspot equilibria ...
This dissertation examines the Nash equilibrium in giving by private individuals when the gifts are ...
This paper explores the existence of monetary general equilibrium in the context of a classical mode...
We lay a unified foundation for a theory of general equilibrium by proving the existence of an equil...
Economic activity has always been a fundamental part of society. With recent social and political ch...
This paper develops a general equilibrium framework of a continuum economy in which collective good...
In the paper we study a general equilibrium model with specialization and division of labor. The fun...
This paper presents a class of examples where a nonmonetary economy converges in a tatonnement proce...
42 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2006.I derive testable implications...
Cahiers de la MSE, Série Bleue, 1999.76The purpose of this paper is to explain the role of financial...
A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically d...
In the spirit of Smale's work, we consider a pure exchange economy with general consumption sets. We...
There is widespread conjecture that distributional concerns like fair-ness and altruism, found to sh...
We provide simple generalizations of the three principal theorems of general equilibrium (existence ...