A Note on the Existence of Equilibrium Price Measures

1994 ◽  
pp. 255-261
Author(s):  
Marco Li Calzi
Keyword(s):  
Equilibrium Price ◽  
Existence Of Equilibrium

scholarly journals New conditions for the existence of equilibrium prices

2018 ◽  
Vol 28 (1) ◽  
pp. 59-77 ◽  
Author(s):  
Aram Arutyunov ◽  
Natalia Pavlova ◽  
Aleksandr Shananin
Keyword(s):  
Transaction Costs ◽  
Utility Function ◽  
Demand Function ◽  
Sufficient Conditions ◽  
Equilibrium Price ◽  
Supply Function ◽  
Demand Model ◽  
Price Vector ◽  
Existence Of Equilibrium ◽  
Equilibrium Prices

We study the existence of equilibrium price vector in a supply-demand model taking into account the transaction costs associated with the sale of products. In this model, the demand function is the solution to the problem of maximizing the utility function under budget constraints. The supply function is the solution to the problem of maximizing the profit (with given transaction losses) on the technology set. We establish sufficient conditions for the existence of the equilibrium price vector, which are consequences of some theorems in the theory of covering mappings.

An equilibrium price model of spot and forward shipping freight markets

2012 ◽  
Vol 48 (4) ◽  
pp. 730-742 ◽  
Author(s):  
Koichiro Tezuka ◽  
Masahiro Ishii ◽  
Motokazu Ishizaka
Keyword(s):  
Equilibrium Price ◽  
Price Model

scholarly journals Maturity, Indebtedness, and Default Risk

2012 ◽  
Vol 102 (6) ◽  
pp. 2674-2699 ◽  
Author(s):  
Satyajit Chatterjee ◽  
Burcu Eyigungor
Keyword(s):  
Standard Deviation ◽  
Default Risk ◽  
Sovereign Debt ◽  
External Debt ◽  
Equilibrium Price ◽  
Short Term ◽  
Price Function ◽  
Output Ratio ◽  
Novel Method

We advance quantitative-theoretic models of sovereign debt by proving the existence of a downward sloping equilibrium price function for long-term debt and implementing a novel method to accurately compute it. We show that incorporating long-term debt allows the model to match Argentina's average external debt-to-output ratio, average spread on external debt, the standard deviation of spreads, and simultaneously improve upon the model's ability to account for Argentina's other cyclical facts. We also investigated the welfare properties of maturity length and showed that if the possibility of self-fulfilling rollover crises is taken into account, long-term debt is superior to short-term debt. (JEL E23, E32, F34, O11, O19)

Brauer's Fixed Point Theorem

2021 ◽  
Vol 8 (1) ◽  
Keyword(s):  
Fixed Point ◽  
Fixed Point Theorem ◽  
Point Theorem ◽  
Simple Proof ◽  
Exchange Model ◽  
Existence Of Equilibrium ◽  
Economic Applications ◽  
Brouwer’S Fixed Point Theorem ◽  
Brouwer's Fixed Point Theorem

The primary goal of the paper is to deliver a simple proof of equivalence between Brouwer’s fixed point theorem and the existence of equilibrium in a simple exchange model with monotonic consumers. To achieve this end, we discuss some equivalent formulations of Brouwer’s theorem and prove additional ones, that are ’approximating’ in character or seem to be better suited for economic applications than the standard results.

Vulnerable Company’s Triumphs in M&A Negotiation under the Impact of COVID-19 — An Empirical Study of Asian Companies

2021 ◽  
pp. 2150012
Author(s):  
Tsai-Hsin Cheng ◽  
Chung-Jian Huang ◽  
Chao-Hsien Sung ◽  
Yi-Chang Huang
Keyword(s):  
Game Theory ◽  
Empirical Study ◽  
Mergers And Acquisitions ◽  
Strategic Alliances ◽  
Information Economics ◽  
Biotechnology Industry ◽  
Equilibrium Price ◽  
Cold Chain ◽  
Investment Valuation ◽  
The Impact

The worldwide lockdown caused by COVID-19 has led to the complete suspension of shipping, land transportation, and aviation. As a result of the redistribution of global resources, governments have recently advocated acquisitions and mergers with strategic alliances and vertical integrations to revitalize the economy. This study aims to investigate how the mergers and acquisitions (M&A) were negotiated and how the equilibrium price was achieved with game theory and information economics in agricultural and fishery biotechnology industry. The findings in the present study propose that by adopting investment valuation (asset-based approach, revenue method, market method) and presenting three patents (globally unique nondrug-denatured pure male tilapia and GPS [Formula: see text]C cloud cold chain logistics), the more the vulnerable company is able to attain a triumphant price during the negotiation of M&A.

Competing Against Simulated Equilibrium Price Dispersions: An Experiment on Internet-Assisted Search Markets

2005 ◽  
Author(s):  
Aurora G. Gallego ◽  
Nikolaos Georgantzis ◽  
José C. Pernías ◽  
Pedro Pereira
Keyword(s):  
Equilibrium Price
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