Star-shapedness of Richter-Aumann integral on a measure space with atoms: Theory and economic applications
Article Abstract:
The study conducted provides sufficient conditions for the integral of a correspondence defined on a measure space with atoms to exhibit star-shaped values. The results of the study is used to analyze the existence of a Nash equilibrium in games with a measure space of agents with atoms and of a competitive equilibrium in economies with mixed markets.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Wages and productivity growth in a competitive industry
Article Abstract:
The evolution of productivity growth in a competitive industry with free entry and exit is described. A unique steady state of the industry dynamics, which is globally asymptotically stable, is provided in addition to the industry's adjustment path.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
Nonlinear incentive provision in Walrasian markets: A Cournot convergence approach
Article Abstract:
The study presents Cournot convergence in a system of contingent-claims markets with moral hazard. The other agents condition their expectations on market prices, as in models of rational-expectations equilibrium with asymmetric information.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Causes of financial distress following leveraged recapitalizations. Ownership structure and top executive turnover
- Abstracts: Benefits and costs of international financial integration: theory and facts. Capital inflows and the real exchange rate: A comparative study of Asia and Latin America
- Abstracts: The legacy of Herbert Simon in game theory. Strategic mismatching and competing teams. An experiment on Nash implementation
- Abstracts: The simultaneous, ascending auction: dynamics of price adjustment in experiments and in the UK3G spectrum auction
- Abstracts: Necessity of transversality conditions for stochastic problems. Implementing efficient allocations in a model of financial intermediation