General equilibrium In this book we try to cope with the challenging task of reviewing the so called general equilibrium model and of discussing one specific as

One of the main problems in current economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Ba

Theory of incompl. markets/M. Magill, M. Quinzii. - V.1.

The models of portfolio selection and asset price dynamics in this volume seek to explain the market dynamics of asset prices. Presenting a range of analytical,

In a pure exchange economy with differential information, there may be ex-post Pareto-dominant core allocations which are not attainable as rational expectation