Existence and uniqueness of conjectured supply function equilibria

Analytic Solutions for Supply Function Equilibria: Uniqueness and Stability

Supply Function Equilibria (SFE) o¤er an attractive equilibrium concept for an electricity Pool in which all suppliers receive the market clearing price and are an important tool for examining market power. It is helpful to have analytical solutions available for simple models to explore market behaviour and to check computational solutions. This note derives analytic solutions for the symmetri...

Existence and Uniqueness of Equilibria for Flows over Time

Network flows that vary over time arise naturally when modeling rapidly evolving systems such as the Internet. In this paper, we continue the study of equilibria for flows over time in the single-source single-sink deterministic queuing model proposed by Koch and Skutella. We give a constructive proof for the existence and uniqueness of equilibria for the case of a piecewise constant inflow rat...

Existence and Uniqueness of Price Equilibria in Defender

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...

Partial Equilibria with Convex Capital Requirements: Existence, Uniqueness and Stability

In an incomplete semimartingale model of a financial market, we consider several risk-averse financial agents who negotiate the price of a bundle of contingent claims. Assuming that the agents’ risk preferences are modelled by convex capital requirements, we define and analyze their demand functions and propose a notion of a partial equilibrium price. In addition to sufficient conditions for th...

Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets