Institutions, Equilibria and Efficiency

Essays in Honor of Birgit Grodal, Studies in Economic Theory 25

Erschienen am 12.02.2010, 1. Auflage 2006
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Bibliografische Daten
ISBN/EAN: 9783642066375
Sprache: Englisch
Umfang: xii, 384 S., 21 s/w Illustr., 384 p. 21 illus.
Einband: kartoniertes Buch

Beschreibung

InhaltsangabeBirgit Grodal: A Friend to Her Friends.- On the Definition of Differentiated Products in the Real World.- Equilibrium Pricing of Derivative Securities in Dynamically Incomplete Markets.- Adaptive Contracting.- Monetary Equilibria over an Infinite Horizon.- Do the Wealthy Risk More Money?- Are Incomplete Markets Able to Achieve Minimal Efficiency?- A Competitive Model of Economic Geography.- The Organization of Production, Consumption and Learning.- Household Inefficiency and Equilibrium Efficiency.- Equilibrium with Arbitrary Market Structure.- Pareto Improving Price Regulation when the Asset Market is Incomplete.- On Behavioral Heterogeneity.- Learning of Steady States in Nonlinear Models when Shocks Follow a Markov Chain.- The Evolution of Conventions under Incomplete Information.- Group Formation with Heterogeneous Feasible Sets.- Monotone Risk Aversion.- Will Democracy Engender Equality?- Consumption Externalities, Rental Markets and Purchase Clubs.- Core-Equivalence for the Nash Bargaining Solution.

Inhalt

Birgit Grodal: A Friend to Her Friends.- On the Definition of Differentiated Products in the Real World.- Equilibrium Pricing of Derivative Securities in Dynamically Incomplete Markets.- Adaptive Contracting.- Monetary Equilibria over an Infinite Horizon.- Do the Wealthy Risk More Money?- Are Incomplete Markets Able to Achieve Minimal Efficiency?- A Competitive Model of Economic Geography.- The Organization of Production, Consumption and Learning.- Household Inefficiency and Equilibrium Efficiency.- Equilibrium with Arbitrary Market Structure.- Pareto Improving Price Regulation when the Asset Market is Incomplete.- On Behavioral Heterogeneity.- Learning of Steady States in Nonlinear Models when Shocks Follow a Markov Chain.- The Evolution of Conventions under Incomplete Information.- Group Formation with Heterogeneous Feasible Sets.- Monotone Risk Aversion.- Will Democracy Engender Equality?- Consumption Externalities, Rental Markets and Purchase Clubs.- Core-Equivalence for the Nash Bargaining Solution.

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