Equilibrium Theory and Applications

Editors' preface; Part I. Introduction: 1. Address in honor of Jacques Drèze Gérard Debreu; Part II. Incomplete Markets, Increasing Returns, and Information: 2. Asset pricing and observability Jayasri Dutta and Heraklis Polemarchakis; 3. The nonneutrality of money in a production economy with nominal assets Michael Magill and Martine Quinzii; 4. General equilibrium theory with increasing returns: the existence problem Jean-Marc Bonnisseau and Bernard Cornet; 5. Increasing returns and new developments in the theory of growth Paul Romer; 6. Stability of cycles with adaptive learning rules Roger Guesnerie and Michael Woodford; 7. Sunspot equilibrium as a game-theoretical solution concept Françoise Forges; 8. Provision of quality and power of incentive schemes in regulated industries Jean-Jacques Laffont and Jean Tirole; Part III. Equilibrium and Dynamics: 9. Stability of a Keynesian adjustment process Jacques Drèze; 10. Capacity adjustment in a competitive industry Jean Gabszewicz and Phillippe Michel; 11. Economic dynamics with learning: some instability examples Jean-Michel Grandmont and Guy Laroque; 12. On the uniqueness of equilibrium once again Andreu Mas-Colell; Part IV. Employment, Imperfect Competition, and Macroeconomics: 13. Risk sharing, the minimum wage, and the business cycle Jean-Pierre Danthine and John B. Donaldson; 14. A medium-term employment equilibrium Edmond Malinvaud; 15. Optimal government policy in a macroeconomic model with imperfect competition and rational expectations Jean-Pascal Benassy; 16. Imperfect competition, rational expectations and unemployment Claude d'Aspremont, Rodolphe Dos Santos Ferreira and Louis-André Gérard-Varet; 17. Competition for customers Egbert Dierker; Part V. Applied General Equilibrium Models: 18. Trade policy modeling with imperfectly competitive market structure Alasdair Smith and Anthony J. Venables; 19. Seminonparametric Bayesian estimation of consumer and factor demand models William A. Barnett, John Geweke and Michael Wolfe.