Search Results - "Koutsougeras, L"

Private information, transferable utility, and the core by Flåm, S. D, Koutsougeras, L

“…We consider transferable-utility, cooperative games, featuring differently informed players. Parties can exchange endowments or undertake joint production, but…”
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Convergence to no arbitrage equilibria in market games by Koutsougeras, Leonidas C.

“…For market games which feature multiple posts for each commodity we show the following: (i) the ‘law of one price’ obtains asymptotically as the number of…”
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ETTL by Flåm, S D, Koutsougeras, L

“…We consider transferable-utility, cooperative games, featuring differently informed players. Parties can exchange endowments or undertake joint production, but…”
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Non-Walrasian decentralization of the core by Koutsougeras, Leonidas C., Ziros, Nicholas

“…We show that in large finite economies, core allocations can be approximately decentralized as Nash (rather than Walras) equilibrium. We argue that this…”
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Incentive Compatibility and Information Superiority of the Core of an Economy with Differential Information by Koutsougeras, Leonidas C., Yannelis, Nicholas C.

“…We analyse the coarse, the fine, and the private core allocation of an exchange economy with differential information. The basic questions that we address are…”
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Strategic market games by Giraud, G, Dubey, P, Sahi, S, Geanakoplos, J, Koutsougeras, L C, Codognato, G, Ghosal, S, Mertens, J F, Weyers, S, Stahn, H, Tsomocos, D P, Bottazzi, J.-M., Meyer, B De, Germano, F

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Non-Walrasian equilibria and the law of one price by Koutsougeras, Leonidas C.

“…We present a market game which features multiple posts for each commodity. We use this framework to illustrate the idea that in non-Walrasian markets, where…”
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Bounded rational learning in differential information economies: core and value by Koutsougeras, Leonidas, Yannelis, Nicholas C.

“…We apply the private core and the private value to a dynamic economy and study the evolution of private core and private value allocations as individuals…”
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Incentive compatability and information superiority of the core of an economy with differential information by Koutsougeras, L C, Yannelis, N C

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Convergence and Approximation Results for Non-Cooperative Bayesian Games: Learning Theorems by Koutsougeras, Leonidas C., Yannelis, Nicholas C.

“…Let T denote a continuous time horizon and$\{G^{t}\colon t\in T\}$be a net (generalized sequence) of Bayesian games. We show that: (i) if$\{x^{t}\colon t\in…”
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Arbitrage and Equilibrium in Strategic Security Markets by Koutsougeras, Leonidas C., Papadopoulos, Konstantinos G.

“…In view of the fundamental price taking hypothesis, arbitrage is never compatible with equilibrium in Walrasian markets because the existence of an arbitrage…”
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A Two-Stage Core with Applications to Asset Market and Differential Information Economies by Koutsougeras, Leonidas C.

“…We introduce a new core concept, called the two-stage core, which is appropriate for economies with sequential trade. We prove a general existence theorem and…”
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