Listagem FGV EPGE - Seminários de Pesquisa Econômica por Assunto "Equilíbrio econômico"
Itens para a visualização no momento 1-15 of 15
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Beyond common priors
2004-07-08One property (called action-consistency) that is implicit in the common prior assumption (CPA) is identified and shown to be the driving force of the use of the CPA in a class of well-known results. In particular, we show ... -
Comparing equilibrium real interest rates : different approaches to measure Brazilian rates
2006-03-24Despite the difficulties involved in the precise determination of equilibrium real interest rates, it seems clear that nominal interest rates has been higher in Brazil than in similar emerging economies. This paper aims ... -
O conjunto dos equilíbrios dos leilões de primeiro preço
2004-05-06In this note I specify the class of functions that are equilibria of symmetric first-price auctions. -
Contracting with repeated moral hazard and private evaluations
2005-11-29A repeated moral hazard setting in which the Principal privately observes the Agent’s output is studied. It is shown that there is no loss from restricting the analysis to contracts in which the Agent is supposed to exert ... -
Empirical measures,learning and sunspot equilibrium
1998-03-12In this paper we construct sunspot equilibria that arrise from chaotic deterministic dynamics. These equilibria are robust and therefore observables. We prove that they may be learned by a sim pie rule based on the histograms ... -
Existence of nash equilibrium in competitive nonlinear pricing games with adverse selection
2003-10-09We show that for a large class of competitive nonlinear pricing games with adverse selection, the property of better-reply security is naturally satisfied - thus, resolving via a result due to Reny (1999) the issue of ... -
General equilibrium model with restricted participation in financial markets
1995-07-20The paper analyses a general equilibrium model with financiaI markets in which households may face restrictions in trading financiaI assets such as borrowing constraints and collateral (restricted participation model). ... -
Moral hazard and nonlinear pricing in a general equilibrium model
1996-07-18The paper analyzes a two period general equilibrium model with individual risk and moral hazard. Each household faces two individual states of nature in the second period. These states solely differ in the household's ... -
Multiple equilibria and protectionism
1994-01-17In a nonnative approach, I analyze trade policies when the industrial sector genentes positive extemalities in production, and there are adjustments costs to changing production from one sector to the other. Protectionist ... -
Technology adoption and effects of transfers across locations
2001-06-28This paper develops a two-period model with heterogeneous agents to analyze the e¤ects of transfers across locations on convergence, growth and welfare. The model has two important features. First, locations are asymmetric ... -
Valuation equilibrium with crubs
1994-09-08This paper considers model worlds in which there are a continuum of individuaIs who form finite sized associations to undertake joint activities. We show that if there are a finite set of types and the commodity space ...
