Zobrazeno 1 - 10
of 56
pro vyhledávání: '"Marialaura Pesce"'
Publikováno v:
Annals of Finance. 16:1-61
Rational expectations equilibrium seeks a proper treatment of behavior under private information by assuming that the information revealed by prices is taken into account by consumers in their decisions. Typically agents are supposed to maximize a co
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fd6fba2333d7dbd6b16d9ce94ad647f6
https://doi.org/10.1007/s10436-019-00349-w
https://doi.org/10.1007/s10436-019-00349-w
Publikováno v:
Basile, A, Gilles, R P, Graziano, M G & Pesce, M 2021, ' The Core of economies with collective goods and a social division of labour ', Economic Theory, vol. 71, pp. 1085-1119 . https://doi.org/10.1007/s00199-020-01258-0
This paper considers the Core of a competitive market economy with private commodities as well as (non-Samuelsonian) collective goods that are provided through an endogenous social division of labour. Our approach is founded on the hypothesis that ev
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2ccff4e40aca2ddeaee8aaafbf77b194
http://hdl.handle.net/11588/802037
http://hdl.handle.net/11588/802037
We consider pure exchange economies with finitely many private goods including also non- Samuelsonian public goods. For this type of economies, the notion of competitive equilibrium called cost share equilibrium is founded on individual payments for
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______3977::651c493853224121cbb49d2e7abcc804
https://hdl.handle.net/11591/488493
https://hdl.handle.net/11591/488493
Autor:
Chiara Donnini, Marialaura Pesce
We assume that the set of agents is decomposed into several classes containing individuals related each other in some way, for example groups of neighbors. We propose a new definition of fairness by requiring efficiency and envy-freeness only within
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::247c3820c2c0965ac2735b4775872533
https://hdl.handle.net/11367/89010
https://hdl.handle.net/11367/89010
Autor:
Chiara Donnini, Marialaura Pesce
In this paper, we study the problem of a fair redistribution of resources among agents in an exchange economy á la Shitovitz (Econometrica 41:467–501, 1973), with agents’ measure space having both atoms and an atomless sector. We proceed by foll
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::de12b3b7d450ad2a30a20643c6a885bb
https://hdl.handle.net/11367/95950
https://hdl.handle.net/11367/95950
We introduce new notions of bargaining set for mixed economies which rest on the idea of generalized coalitions (Aubin, 1979) to define objections and counter-objections. We show that the bargaining set defined through generalized coalitions coincide
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8011537ba811d7e373a5fffa9dc2b84a
http://hdl.handle.net/11588/828809
http://hdl.handle.net/11588/828809
Publikováno v:
Gilles, R P, Pesce, M & Diamantaras, D 2020, ' The provision of collective goods through a social division of labour ', Journal of Economic Behavior & Organization, vol. 178, pp. 287-312 . https://doi.org/10.1016/j.jebo.2020.07.016
We develop a general equilibrium framework in which a wide range of collective economic configurations are provided through specialised professionals as part of an endogenously emerging social division of labour. We extend the theory of value to this
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::236b29f5959d672ae8f59fa153957f16
http://hdl.handle.net/11588/828807
http://hdl.handle.net/11588/828807
Autor:
Marialaura Pesce, Chiara Donnini
We investigate the fairness property of equal-division competitive market equilibria (CME) in asymmetric information economies with a space of agents that may contain non-negligible (large) traders. We first propose an extension to our framework of t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::49fd66c9aacd442857a22a0659165d25
http://hdl.handle.net/11588/729823
http://hdl.handle.net/11588/729823
Autor:
Marialaura Pesce
Publikováno v:
Metroeconomica. 68:2-21
In most economies, in particular in presence of uncertainty, a fair allocation does not exist. The main focus of this paper is on possibility of simultaneously resolving the equity and efficiency problems in economies with asymmetrically informed age
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::76b1d86e500a6099f443b5c9d4302b7a
https://doi.org/10.1111/meca.12120
https://doi.org/10.1111/meca.12120
Publikováno v:
Journal of Economics. 111:55-68
In this paper we propose a concept of coalitional fair allocation in order to solve the tension that may exist between efficiency and envy-freeness when agents are asymmetrically informed and the equity of allocations is evaluated at the interim stag
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::df62e98f42742c6ccb51f0f373699c3d
https://doi.org/10.1007/s00712-012-0322-4
https://doi.org/10.1007/s00712-012-0322-4