1,721,073 research outputs found
Fatou's Lemma in Infinite Dimensional Spaces
No full textYannelis, Nicholas C.. (1986). Fatou's Lemma in Infinite Dimensional Spaces. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/55502
Non-Cooperative Random Games
No full textYannelis, Nicholas C.. (1986). Non-Cooperative Random Games. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/55501
Equilibria in Noncooperative Models of Competition
No full textYannelis, Nicholas C.. (1985). Equilibria in Noncooperative Models of Competition. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/55463
Equilibria in Banach Lattices Without Ordered Preferences
No full textYannelis, Nicholas; Zame, William R.. (1984). Equilibria in Banach Lattices Without Ordered Preferences. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/1446
An argument for positive nominal interest
Full text linkIn a dynamic economy, money provides liquidity as a medium of exchange. A central bank that sets the nominal rate of interest and distributes its profit to shareholders as dividends is traded in the asset market. A nominal rates of interest that tend to zero, but do not vanish, eliminate equilibrium allocations that do not converge to a Pareto optimal allocation
An Elementary Proof of Fatou's Lemma in Finite Dimensional Spaces
No full textWe provide an elementary and very short proof of the Fatou Lemma in n-dimensions.
In particular, we show that the latter result follows directly from Aumann's
(1976) elementary proof of the fact that integration preserves upper-semicontinuity.Rustichini, Aldo; Yannelis, Nicholas C.. (1986). An Elementary Proof of Fatou's Lemma in Finite Dimensional Spaces. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/55507
On a Caratheodory-Type Selection Theorem
No full textWe offer a new Caratheodory-type selection theorems. This result arose
naturally from the authors' [9] study of equilibria in abstract economies
(generalized games) with a measure space of agents.Kim, Taesung; Prikry, Karel; Yannelis, Nicholas C.. (1985). On a Caratheodory-Type Selection Theorem. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/55486
Housing market models with consumption externalities
No full textWe analyze housing market models à la Shapley and Scarf with externalities in consumption; that is, agents care about others and their preferences are defined over allocations rather than over single indivisible goods. After collecting some negative results about the existence of several cooperative solutions, we focus on stable allocations and search for special domains of preferences that can guarantee that they both exist and form a stable set à la von Neumann and Morgenstern. JEL Classification: C70, C78, D51, D62, D64
Caratheodory-Type Selections and Random Fixed Point Theorems
No full textWe provide some new Caratheodory-type selection theorems, i.e, selections
for correspondences of two variables which are continuous with respect to one
variable and measurable with respect to the other. These results generalize
simultaneously Michael's [21] continuous selection theorem for lower-semicontinuous
correspondences as well as a Caratheodory-type selection theorem of
Fryszkowski [10]. Random fixed point theorems (which generalize ordinary
fixed point theorems, e.g., Browder's [6]) follow as easy corollaries of our
results.Kim, Taesung; Prikry, Karel; Yannelis, Nicholas C.. (1985). Caratheodory-Type Selections and Random Fixed Point Theorems. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/55484
Equilibria in Abstract Economies with a Measure Space of Agents and with an Infinite Dimensional Strategy Space
No full textThe existence of an equilibrium for an abstract economy with a measure
space of agents and with an infinite dimensional strategy space is proved.
Agent's preferences need not be ordered, i.e., need not be transitive or
complete, and therefore need not be representable by utility functions. The
proof which follows closely the arguments in Yannelis-Prabhakar [26] is based
on a Caratheodory-type selection theorem.Kim, Taesung; Prikry, Karel; Yannelis, Nicholas C.. (1985). Equilibria in Abstract Economies with a Measure Space of Agents and with an Infinite Dimensional Strategy Space. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/55487
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