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作者：BLACKORBY, C; RUSSELL, RR
作者单位：University of California System; University of California Riverside
摘要：This note extends Haque's [J. Econ. Theory 25 (1981), 237-254] paper by (1) providing a closed-form characterisation of the conjunction of direct and indirect separability (and hence a closed-form characterisation of functions that are ''r-conditionally homogeneous of degree zero''), (2) characterising this separability condition in terms of the expenditure and distance functions as well as the direct and indirect utility functions, and (3) showing that Haque's partitioning of the commodity sp...
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作者：BENHABIB, J; RUSTICHINI, A
摘要：The papers in this symposium demonstrate the theoretical as well as the empirical plausibility of indeterminacy and of sunspots in equilibrium models with infinitely lived agents. They depart from the standard competitive framework because of the presence of externalities or of monopolistic competition. Some focus on business fluctuations while others address long-run growth. The second part of the Introduction presents a general unifying framework to identify the structure that is common to t...
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作者：BULLARD, J
摘要：Complicated equilibrium trajectories under least squared learning are shown to exist in a standard version of the overlapping generations model. These trajectories exist when the locally unique perfect foresight equilibrium is the monetary steady state, and thus are induced by the introduction of learning alone. This research confirms the intuition of some previous authors, who have suggested that stationary equilibrium trajectories under learning may differ from those under rational expectati...
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作者：CHAMBERS, RG; FARE, R
作者单位：Southern Illinois University System; Southern Illinois University
摘要：Notions of input-neutral technical change and neutral productivity growth are compared and constrasted. Three natural conjugate ''neutrality pairs,'' each corresponding to a notion of input-neutral technical change and neutral productivity growth, are considered and their structural implications are deduced. Necessary and sufficient conditions for a technology to satisfy the various neutralities jointly are developed. (C) 1994 Academic Press, Inc.
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作者：PETERS, M
摘要：A large decentralized market where buyers have private information about the idiosyncratic value of an exchange opportunity with a seller is studied. The seller offers the buyer a contract or mechanism as soon as he is matched. It is shown that if the discount factor is high enough, there will be a symmetric market equilibrium in which all sellers offer simple fixed price mechanisms. Along the equilibrium path these mechanisms will be ex ante inefficient. Prices will be too high and the extent...
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作者：JACKSON, MO
摘要：The existence of ''speculative'' equilibria is proven in a simple overlapping generations, infinite horizon economy. In equilibrium, all agents bid for assets according to increasing functions of private information which is independent of the fundamental value (dividend stream) of the asset. This is a unique best response to the strategies of the other agents, which implies that speculative information is valuable. For certain stationary settings, the existence of speculative equilibria in wh...
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作者：SHIN, HS
作者单位：University of Oxford
摘要：An arbitrator faces the task of deciding the level of compensation to be received by a plaintiff from a defendant. The arbitrator must rely on the verifiable submissions of the two interested parties. Because the information of the interested parties is not verifiable, the ''unravelling argument'' has no force. Nevertheless, a class of equilibria of this game gives rise to a particularly simple decision rule for the arbitrator which appeals to a probability distribution over the payoff-relevan...
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作者：BOSSERT, W; PATTANAIK, PK; XU, YS
作者单位：University of California System; University of California Riverside; Tulane University
摘要：We characterize quasi-orderings on the power set of a set of alteratives. The subsets to be ranked are interpreted as opportunity sets available to an individual. The main criteria for ranking these opportunity sets are the individual preferences on the universal set of alteratives itself, and the freedom of choice associated with each subset of the universal set. This is reflected in the axioms used in the characterizations. (C) 1994 Academic Press, Inc.
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作者：GOMORY, RE
摘要：This paper extends the analysis of the classical n-good two-country Ricardo model of international trade to the case where the production functions have economies of scale. It addresses the technical difficulties inherent in economies of scale by new integer programming and lineae programming methods. The analysis reveals the existence of a well defined region which fills in solidly with equilibrium points as the number of goods becomes large. New economic conclusions follow from the ability t...
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作者：MATSUSHIMA, H
作者单位：Princeton University
