The American Economic Review, Volume 97American Economic Association., 2007 |
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Página 1068
... Proposition 1 , the result is immediate . To establish the result for CPE , suppose w + F is a CPE . By Proposition 8 , w is not a PPE . Then , by the same logic as above , it must be the case that w is not a UPE . From here , the proof ...
... Proposition 1 , the result is immediate . To establish the result for CPE , suppose w + F is a CPE . By Proposition 8 , w is not a PPE . Then , by the same logic as above , it must be the case that w is not a UPE . From here , the proof ...
Página 1070
... PROPOSITION 9 : - - - Let M = -μ ( ( m ( r ) – m ( r ' ) ) ) . By properties A2 and A3 of μ ( · ) , μ ( x + m ( r ) − m ( r ' ) ) — μ ( x ) < M for any x E R. Since lim , ' ( x ) = lim ̧ -- ∞ μ ' ( x ) = 0 , for any ɛ , > 0 , there is ...
... PROPOSITION 9 : - - - Let M = -μ ( ( m ( r ) – m ( r ' ) ) ) . By properties A2 and A3 of μ ( · ) , μ ( x + m ( r ) − m ( r ' ) ) — μ ( x ) < M for any x E R. Since lim , ' ( x ) = lim ̧ -- ∞ μ ' ( x ) = 0 , for any ɛ , > 0 , there is ...
Página 1404
... PROPOSITION 8 : At time s1 , the analysis of the optimal agreement is exactly as in Proposition 7 , except that x1 may be lower than î . Part ( iii ) of the proposition is thus a simple corollary of Proposition 7. For parts ( i ) and ...
... PROPOSITION 8 : At time s1 , the analysis of the optimal agreement is exactly as in Proposition 7 , except that x1 may be lower than î . Part ( iii ) of the proposition is thus a simple corollary of Proposition 7. For parts ( i ) and ...
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EDMUND S PHELPS | 541 |
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ALMA COHEN AND LIRAN EINAV | 745 |
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