On risk averse competitive equilibrium

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A risk-averse competitive newsvendor problem under the CVaR criterion

We study a risk-averse newsvendor problem with quantity competition and price competition. Under the Conditional Value-at-Risk (CVaR) criterion, we characterize the optimal quantity and pricing decisions under both quantity and price competition. For quantity competition, we consider two demand splitting rules, namely proportional demand allocation and demand reallocation. Although competition ...

متن کامل

On Stable Social Laws and Qualitative Equilibrium for Risk-Averse Agents

This paper introduces and investigates the notion of qualitative equilibria, or stable social laws, in the context of qualitative decision making. Previous work in qualitative decision theory has used the maximin decision criterion for modelling qualitative decision making. When several decision-makers share a common environment, a corresponding notion of equilibrium can be deened. This notion ...

متن کامل

Inequity-averse preferences in general equilibrium

We study the stabilitywith respect to the introduction of opportunitybased inequity aversion a la Dufwenberg et al. (2011) of three welfare properties satisfiedbycompetitive equilibria in self-regarding economies: (i) Pareto efficiencymay not be a stable property; (ii) undomination with respect to income redistribution is a stablepropertywhenever themarginal indirect utility of income has no ex...

متن کامل

On the Optimality of Search Matching Equilibrium When Workers Are Risk Averse

On the Optimality of Search Matching Equilibrium When Workers Are Risk Averse This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility functions and wages are bargained over. The optimal allocation of resources is characterized first when information is perfect and second when search effort is not observable. To decentralize these o...

متن کامل

Competitive Equilibrium

This report includes a modern account of welfare economics and competitive equilibrium theory. In particular, competitive, or Walrasian, equilibrium is defined. Moreover, existence, optimality, and uniqueness are demonstrated. However, no reliable mechanism for computing equilibrium prices is suggested. At this stage, the problem shifts from the realm of economics to an algorithmic problem in c...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Operations Research Letters

سال: 2018

ISSN: 0167-6377

DOI: 10.1016/j.orl.2017.10.011