Blar i NHH Brage på emneord "exchange economy"
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Existence And Uniqueness Of Equilibrium In a Reinsurance Syndicate
(Journal article; Peer reviewed, 2010)In this paper we consider a reinsurance syndicate, assuming that Pareto optimal allocations exist. Under a continuity assumption on preferences, we show that a competitive equilibrium exists and is unique. Our conditions ... -
Existence and uniqueness of equilibrium in a reinsurance syndicate
(Discussion paper, Working paper, 2008-07)In this paper we consider a reinsurance syndicate, assuming that Pareto optimal allocations exist. Under a continuity assumption on preferences, we show that a competitive equilibrium exists and is unique. Our conditions ... -
On the consistency of the Lucas pricing formula
(Discussion paper, Working paper, 2005-04)In order to find the real market value of an asset in an exchange economy, one would typically apply the formula appearing in Lucas (1978), developed in a discrete time framework. This theory has also been extended to ... -
Private information, transfer utility, and the core
(Working paper, Working paper, 2007-09)Considered here are transferable-utility, coalitional production or market games,featuring differently informed players. It is assumed that personalized contracts must comply with idiosyncratic information. The setting may ...