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In the study, an expected revenue model was built for the farmers and insurance institutes in China, with the aim of researching the realization conditions of the target price insurance market equilib...
We introduce two new equilibrium re nements for nite normal form games, both of which incorporate the intuitive idea that a costless deviation by one player is more likely than a costly deviation b...
This paper identifies two notions of substitutes for auction and equilibrium analysis. Weak substitutes,the usual price-theory notion, guarantees monotonicity of tatonnement processes and convergence ...
The number of Americans who go to the movies varies dramatically over the course of the year, and sometimes more than doubles within a period of two weeks. At the same time, the first week a...
The main goal of the presented paper is to propose, specify and quantify a model of partial equilibrium in the beef meat vertical in the Czech Republic. Characterized within the analyzed relations in ...
In this paper, we propose an equilibrium pricing model in a dynamic multi-period stochastic framework with uncertain income streams. In an incomplete market, there exist two traded risky assets (e.g. ...
This article presents a proof of the existence of Bertrand-Nash equilibrium prices with multi-product firms and under the Logit model of demand that does not rely on restrictive assumptions on product...
An interesting toy model has recently been proposed on Schumpeterian economic dynamics by Thurner {\it et al.} following the idea of economist Joseph Schumpeter. Punctuated equilibrium dynamics is sho...
A step by step procedure to derive analytically the exact steady state probability density function of well known kinetic wealth exchange economic models is shown. This gives as a result an integro-d...
In both finance and economics, quantitative models are usually studied as isolated mathematical objects --- most often defined by very strong simplifying assumptions concerning rationality, efficienc...
This paper examines the potential long-term impacts of global climate change on agricultural production and trade in the People’s Republic of China (PRC). Using an economy-wide, global computable ge...
We prove existence and uniqueness of stochastic equilibria in a class of incomplete continuous-time financial environments where the market participants are exponential utility maximizers with heterog...
We combine general equilibrium theory and theorie generale of stochastic processes to derive structural results about equilibrium state prices.

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