Institutions, Equilibria and Efficiency

Essays in Honor of Birgit Grodal

Häftad, Engelska, 2010

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Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.

Produktinformation

Utgivningsdatum2010-02-12
Mått155 x 235 x 22 mm
Vikt604 g
FormatHäftad
SpråkEngelska
SerieStudies in Economic Theory
Antal sidor384
FörlagSpringer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN9783642066375

Tillhör följande kategorier

Nationalekonomi inom Ekonomi och ledarskap
Mikroekonomi inom Ekonomi och ledarskap

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: The Trial-and-Error Approach to Outsourcing.- Monetary Equilibria over an Infinite Horizon.- Do the Wealthy Risk More Money? An Experimental Comparison.- 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.