Browsing Documentos indexados pela Scopus by Subject "Bem-estar econômico"

Now showing items 1-5 of 5

    • Moral hazard and general equilibrium in large economies 

      Lisboa, Marcos de Barros
      2001
      The paper analyzes a two period general equilibrium model with individual risk, aggregate uncertainty and moral hazard. There is a large number of households, each facing two individual states of nature in the second period. ...

    • Non-marked options, non-existence of equilibria, and non-linear prices 

      Aliprantis, Charalambos D.; Monteiro, Paulo Klinger; Tourky, Rabee
      2004
      This paper presents a surprising example that shows that the lattice theoretic properties in Mas-Colell's (1986) seminal work are relevant to the existence of equilibrium even when the commodity space is finite dimensional. ...

    • A note on 'Inflation and Welfare' 

      Cysne, Rubens Penha
      2008
      This note provides an analytical confirmation and a refinement of [Lucas Jr., R.E., 2000. Inflation and welfare. Econometrica 68 (62), 247-274 (March)] numerical findings regarding the characterization of optimality in the ...

    • On the general equilibrium costs of perfectly anticipated inflation 

      Barelli, Paulo; Pessôa, Samuel de Abreu
      2009
      In monetary models where M0 has no social costs and a positive demand for cash and deposits is taken as a primitive, we show that the compensating variation in endowment is the exact general equilibrium measure of welfare ...

    • Welfare analysis of currency regimes with defaultable debts 

      Araújo, Aloísio Pessoa de; Leon, Márcia Saraiva; Santos, Rafael Chaves
      2013
      We modify the Cole and Kehoe model by including domestic debt. According to the original model, a speculative attack on a high debt level issued abroad triggers external debt default. Here, it is possible to inflate away ...