Equilibria with coordination failures

TL;DR: Given a nonempty, compact, and convex set, an affine function, and a point-to-set mapping from the set to the Euclidean space containing the set, it is constructively proved that, under certain conditions on the mapping, there exists a connected set of zero points of the mapping.

TL;DR: In this paper , the authors investigated the possible coalitions for two closed-loop supply chains composed of manufacturers and third-party recyclers under a restricted coalition structure, which is used for deriving the characteristic functions representing the bargaining powers of different coalitions and allocating the overall profits.

TL;DR: Arrow as discussed by the authors discusses the potential and limits of economic analysis and the contribution of Arrow's vision of the economic process, and discusses the role of information disclosure in decision-making under uncertainty.

TL;DR: In this article, a game theoretic approach is used to compare the economic economics of war and peace, arguing that money, finance, and the monetarists market failure and public policy are the economics of conflict and war.

TL;DR: In this article, the authors present a general-equilibrium model in which all prices and quantities transacted are the direct choices of econom ic agents: there is no Walrasian auctioneer.

TL;DR: In this article, a full-time academic has led a rather uneventful life. Yet, I have engaged in two venturesome explorations. On my 65th birthday, my wife and I took off in our 42-ft sloop and sailed around the world.