Now showing items 1-2 of 2

    • The consistency of welfare judgments with a representative consumer 

      Dow, James; Werlang, Sérgio Ribeiro da Costa
      1988
      It is common practice to use the representative consumer hypothesis without specifically assuming any of the sufficient conditions under which one will exist. We show, first, that it is possible for the utility of the ...
    • Support restrictions and sequential equilibria 

      Madrigal, Vicente; Tan, Tommy Chin-Chiu; Werlang, Sérgio Ribeiro da Costa
      1987
      We consider equilibrium concepts which require that the support of beliefs at an information set be contained in the supports of beliefs at preceding information sets. We analyze by means of an example why such equilibria ...