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Behavioral Competitive Equilibrium and Extreme Prices
Behavioral Competitive Equilibrium Extreme Prices
2014/3/18
We introduce a notion of behavioral competitive equilibrium (BCE), to study house-
holds' inability to tailor their consumption to the state of the economy. Our notion is
motivated by limited cognit...
Regional Economic Impacts of Large Projects: A General Equilibrium Application to Cross-Border Infrastructure
Regional Economic Impacts Large Projects General Equilibrium Application Cross-Border Infrastructure
2010/10/8
A general equilibrium framework is used to study the regional economic effects of infrastructure improvements designed to reduce the costs of interregional trade. The results suggest that in the short...
Existence of Equilibrium in Minimax Inequalities, Saddle Points, Fixed Points, and Games without Convexity Sets
minimax inequality saddle points fixed points coincidence points discontinuity non-quasiconcavity non-convexity non-compactness
2010/7/2
This paper characterizes the existence of equilibria in minimax inequalities without assuming any form of quasi-concavity of functions and convexity or compactness of choice sets. A new condition, cal...