P Milgrom… - Econometrica: Journal of the Econometric Society, 1994 - JSTOR
We derive a necessary and sufficient condition for the solution set of an optimization
problem to be monotonic in the parameters of the problem. In addition, we develop practical
methods for checking the condition and demonstrate its applications to the classical ...
AS Edlin… - Journal of Economic Theory, 1998 - Elsevier
Economists commonly seek to show that one variable increases in response to changes in
another variable. This paper provides sufficient conditions to draw such strict monotone
comparative statics conclusions in optimization problems with and without binding ...
L Rigotti… - Econometrica, 2005 - Wiley Online Library
This paper considers a general equilibrium model in which the distinction between
uncertainty and risk is formalized by assuming agents have incomplete preferences over
state-contingent consumption bundles, as in Bewley (1986). Without completeness, ...
A Heifetz, C Shannon… - Economic Theory, 2007 - Springer
Abstract This paper develops a general methodology for characterizing the dynamic
evolution of preferences in a wide class of strategic interactions. We give simple conditions
characterizing the limiting distribution of preferences in general games, and apply our ...
A Heifetz, C Shannon… - Journal of Economic Theory, 2007 - Elsevier
The assumption that decision makers choose actions to maximize their preferences is a
central tenet in economics, often justified formally or informally by appealing to evolutionary
arguments. In contrast, we show that in almost every game and for almost every family of ...
C Shannon - Economic Theory, 1995 - Springer
Summary This paper develops necessary and sufficient conditions for the set of solutions to
an optimization problem to be nondecreasing in a weak sense still strong enough to
guarantee the existence of an increasing selection, and thus strong enough to guarantee ...
L Rigotti, C Shannon… - Econometrica, 2008 - Wiley Online Library
We study a definition of subjective beliefs applicable to preferences that allow for the
perception of ambiguity, and provide a characterization of such beliefs in terms of market
behavior. Using this definition, we derive necessary and sufficient conditions for the ...
AS Edlin… - Econometrica, 1998 - works.bepress.com
Abstract Milgrom and Shannon [1994] assert that under appropriate conditions the Spence-
Mirrlees condition is equivalent to their single crossing property, and that the strict versions
are also equivalent. In this note, however, we give counterexamples which show that their ...
C Shannon… - Econometrica, 2002 - Wiley Online Library
2. Abstract One of the central features of classical models of competitive markets is the
generic determinacy of competitive equilibria. For smooth economies with a finite number of
commodities and a finite number of consumers, almost all initial endowments admit only a ...
DJ Brown… - Econometrica, 2000 - Wiley Online Library
THE MAJOR THEORETICAL QUESTIONS concerning competitive equilibria in the classical
ArrowDebreu modelexistence, uniqueness, comparative statics, and stability of price
adjustment processeshave been largely resolved over the last forty years. With the ...
C Shannon - Economic Theory, 1999 - Springer
Abstract. This paper provides a framework for establishing the determinacy of equilibria in
general equilibrium models with infinitely many commodities and a finite number of
consumers and producers. This paper defines a notion of regular economy for such ...
We study the market implications of ambiguity in common models. We show that generic determinacy
is a robust feature in general equilibrium models that allow a distinction between ambiguity and
risk. ... JEL Codes: D0, D5, D8, G1 Keywords: ambiguity, general equilibrium theory, ...
[CITATION] An ordinal theory of games with strategic complementarities
C Shannon - Work, 1990
C Shannon - The Review of Economic Studies, 1997 - restud.oxfordjournals.org
Abstract This paper shows that in a general equilibrium model with an infinite horizon in
which production may exhibit increasing returns to scale or non-convexities, marginal cost
pricing equilibria exist and are essential, that is, stable with respect to small perturbations ...
C Shannon - 1994 - escholarship.org
Abstract Infinite horizon economies and other models which naturally require an infinite
number of commodities, such as product differentiation models and financial markets
models with an infinite number of states, have become increasingly important for studying ...
[CITATION] Maxmin Expected Utility and Equilibria
L Rigotti… - 2003 - Discussion
G Lopomo,
L Rigotti… - Journal of Economic Theory, 2011 - Elsevier
Abstract This paper presents a principal-agent model in which the agent has imprecise
beliefs. We model this situation formally by assuming the agent modifier letter apostrophe s
preferences are incomplete as in [2]. In this setting, incentives must be robust to Knightian ...
DJ Brown… - Economics Working Papers, 1997 - ideas.repec.org
This paper studies the extent to which qualitative features of Walrasian equilibria are
refutable given a finite data set. In particular, we consider the hypothesis that the observed
data are Walrasian equilibria in which each price vector is locally stable under ...
C Shannon - 1994 - escholarship.org
Abstract This paper shows that in a general equilibrium model with an infinite horizon in
which production may exhibit increasing returns to scale or nonconvexities which are
internal to flie frm, marginal cost pricing equilibria exist and are essential, that is, stable ...
[CITATION] BLUE HORIZONS: Emerging Technologies for the USAF Syllabus
LCJ Ackerman, LCP Moscarelli, LCR Hughes… - Maxwell AFB, AL: Air …, 2006
A Heifetz, C Shannon… - econstor.eu
Zusammenfassung: The assumption that decision makers choose actions to maximize their
preferences is a central tenet in economics. This assumption is often justied either formally
or informally by appealing to evolutionary arguments. In contrast, we show that in almost ...
C Shannon - 2002 - elsa.berkeley.edu
The Arrow-Debreu model of competitive markets has proven to be a remarkably rich and
flexible foundation for studying an array of important economic problems, ranging from
social security reform to the determinants of long-run growth. Central to the study of such ...
S Edlin Aaron, S Chris - escholarship.org
A great deal of recent research has focused on monotone methods for comparative stat-ics
(see eg, Topkis (1978), Milgrom and Shannon (1994), Milgrom (1994) and Shannon (1995)).
This literature has provided two main services. First, it clarifies what lies at the root of ...
S Scotchmer… - Levine's Working Paper Archive, 2010 - levine.sscnet.ucla.edu
Abstract We consider group formation with asymmetric information. Agents have unverifiable
characteristics as well as the verifiable qualifications required for memberships in groups.
The characteristics can be chosen, such as strategies in games, or can be learned, such ...
DJ Brown… - 1997 - escholarship.org
Abstract This paper studies the extent to which qualitative features of Walrasian equilibria
me refutable given a finite data set. In particular, we consider the hypothesis that the
observed data are Walrasian equilibria in which each price vector is locally stable under ...
[CITATION] Royal Air Force Combat Aircraft & Air Launched Weapons, 2005
C Shannon - 2005 - Centurion Publishing
S Chris… - 2002 - escholarship.org
Abstract The assumption that decision makers choose actions to maximize their preferences
is a central tenet in economics. This assumption is often justified either fonnally or informally
by appealing to evolutionary arguments. In contrast, this paper shows that in ahnost every ...
C Shannon… - Econométrica, 1998 - dialnet.unirioja.es
... Strict Single Crossing and the Strict Spence-Mirrlees Condition: A Comment on Monotone. Autores:
Chris Shannon, Aaron S. Edlin; Localización: Econométrica, ISSN 0012-9682, Vol. 66, Nº 6, 1998 ,
págs. 1417-1425. Fundación Dialnet. Acceso de usuarios registrados. ...
JC Ely, EJ Green, BL Lipman, D Ray, S Athey… - Wiley Online Library
Skip to Main Content. ...
DJ Brown… - Computational Aspects of General Equilibrium …, 2008 - Springer
This paper studies the extent to which qualitative features of Walrasian equilibria are
refutable given a finite data set. In particular, we consider the hypothesis that the observed
data are Walrasian equilibria in which each price vector is locally stable under ...
S Chris, RZ William - ukpmc.ac.uk
One of the central features of classical models of competitive marketsis the generic
determinacy of competitive equilibria. For smootheconomies with a flnite number of
commodities and a flnite number ofconsumers, almost all initial endowments admit only a ...
D Peter, TTSB My, B Moshe, C Jeff, C Judith… - ukpmc.ac.uk
This paper presents a general theoretical framework that allows estimation of
equilibriummodels of quantity competition when the unit of output is indivisible.
Examplesinclude a retailer deciding how many stores to build, franchises to license, ...
C Shannon - Theory workshop papers, 2003 - ideas.repec.org
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view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
G Charness, J Br, A Cabrales, C Camerer… - 2000 - Citeseer
Abstract Departures from pure self interest in economic experiments have recently inspired
models of" social preferences". We conduct experiments on simple two-person and three-
person games with binary choices that test these theories more directly than the array of ...
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