Robust nonexistence of equilibrium with incomplete markets

Article Abstract:

An economy with forward and spot and real security markets is constructed for which there does not exist a competitive equilibrium. The problem of nonexistence of equilibria for a fixed asset structure is identified to be robust to perturbations in the endowments of the consumers.

Canada, Equilibrium (Economics), Economic disequilibrium, Fixed asset analysis

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Negotiation games with unobservable mixed disagreement actions

Article Abstract:

Research describing a non cooperative bargaining model is presented. In particular non observable strategic disagreement payoffs are investigated and the limiting set of equilibrium payoffs is characterized.

Administration of General Economic Programs, Economic Statistics & Research, Models, Economic research, Economic conditions

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Multi-agent bilateral bargaining and the Nash bargaining solution

Article Abstract:

A bargaining model involving negotiations among n players on pie sharing (n-1) is presented. Feasibility of Nash cooperative bargaining solution in bilateral bargaining situations is examined.

United States, Forecasts, trends, outlooks, Bread, cake, and related products, Commercial Bakeries, Pies, Usage, Forecasts and trends, Market trend/market analysis, Mathematical models

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