Equilibrium and optimality: Some imprints of David Gale
成果类型：
Article
署名作者：
Majumdar, Mukul
署名单位：
Cornell University
刊物名称：
GAMES AND ECONOMIC BEHAVIOR
ISSN/ISSBN：
0899-8256
DOI：
10.1016/j.geb.2009.04.018
发表日期：
2009
页码：
607-626
关键词：
摘要：
The paper is a review of some of the themes to which David Gale made lasting contributions. it touches upon a number of the fundamental issues in the Walrasian equilibrium theory (existence, uniqueness and stability), the overlapping generations model (non-optimality and indeterminacy of competitive equilibria), the von Neumann equilibrium (as a turnpike), and in the theory of decentralized intertemporal allocation through competitive prices (efficiency and golden rules, duality and existence of optimal programs). (C) 2009 Elsevier Inc. All rights reserved.