We prove the stability of equilibrium in a completely decentralized Walrasian general equilibrium economy in which prices are fully controlled by economic agents, with production and trade occurring out of equilibrium. Journal of Economic Literature Classifications: C62—Existence and Stability Conditions of Equilibrium D51—Exchange and Production Economies D58—Computable and Other Applied Gener...

By renormalization-group methods we obtain nonperturbative results about a d51 system of interacting spinless fermions in a periodic potential when the conduction band is filled. Both the strength of the interaction and the amplitude of the periodic potential are assumed to be small. We determine that the large-distance asymptotic behavior of the two-point Schwinger function is anomalous and de...

In interim economies with asymmetric information, we show that the coarse core of Wilson (1978) does not converge to price equilibrium allocations as the economy is replicated. This failure of core convergence is a basic consequence of asymmetric information and extends to any reasonable notion of either (interim) core or price equilibrium. JEL Classification: C71, D51

We investigate the connection between equilibrium existence and its attainability through simple market mechanisms in exchange economies with indivisibilities and complementarities. The analysis suggests that attaining efficient outcomes through simple non-combinatorial auctions may be problematic even when market clearing prices exist. JEL classification code: C62, D44, D51

We study the ex ante incentive compatible core, and provide conditions under which the ex ante incentive compatible core is nonempty when agents are informationally small in the sense of McLean and Postlewaite (2002a, Econometrica, 70, 2421–2453).  2003 Elsevier Inc. All rights reserved. JEL classification: C71; D51; D82

Hugo: TRIM37 Other names: MUL; KIAA0898; POB1; TEF3 Location: 17q23.2 Local order: Genes flanking TRIM37 oriented from centromere to telomere on 17q23 are: RAD51C, 17q22-q23, D51 homolog C (S. Cerevisiae) PPM1E, 17q23.2, protein phosphatase 1E (PP2C domain containing) TRIM37, 17q22-q23, tripartite motif-containing 37 FAM33A 17q23.2, family with sequence similarity 33, member A PRR11(FLJ11029) 1...

Competitive equilibria are shown to exist in two-object exchange economies with indivisibilities and additive complementarities in agent valuations between objects, provided that complementarities are common across agents. We further investigate whether the competitive equilibrium can be obtained as an outcome of a simultaneous English-type auction mechanism under non-strategic (honest) bidding...

We prove the stability of equilibrium in a completely decentralized Walrasian general equilibrium economy in which prices are fully controlled by economic agents, with production and trade occurring out of equilibrium. Journal of Economic Literature Classifications: C62—Existence and Stability Conditions of Equilibrium D51—Exchange and Production Economies D58—Computable and Other Applied Gener...

We investigate the geometry of finite datasets defined by equilibrium prices, income distributions, and total resources. We show that the equilibrium condition imposes no restrictions if total resources are collinear, a property that is robust to small perturbations. We also show that the set of equilibrium datasets is pathconnected when the equilibrium condition does impose restrictions on dat...