Current Trends in Economics

1. Front Matter

   Pages i-ix

   PDF

2. Pseudo-supermodular games: theory and an application

   • Elettra Agliardi

   Pages 1-11

   PDF

3. Degree of manipulability of social choice procedures

   • Fuad Aleskerov, Eldeniz Kurbanov

   Pages 13-27

   PDF

4. On the properties of stable many-to-many matchings under responsive preferences

   • Ahmet Alkan

   Pages 29-39

   PDF

5. Cost uncertainty, taxation, and irreversible investment

   • Sumru Altuğ, Fanny S. Demers, Michel Demers

   Pages 41-72

   PDF

6. The significance of the market portfolio: theory and evidence

   • Stefano Athanasoulis, Robert J. Shiller

   Pages 73-105

   PDF

7. Does money matter? A deterministic model with cash-in-advance constraints in factor markets

   • Erdem Başçi, İsmail Sağlam

   Pages 107-117

   PDF

8. Welcoming the middlemen: restricting competition in auctions by excluding the consumers

   • Subir Bose, George Deltas

   Pages 119-131

   PDF

9. Acyclicity of fuzzy preferences

   • Manabendra Dasgupta, Rajat Deb

   Pages 133-140

   PDF

10. On the connection between correlated equilibria and sunspot equilibria

    • Julio Dávila

    Pages 141-156

    PDF

11. Ex post individually rational trading mechanisms

    • Françoise Forges

    Pages 157-175

    PDF

12. Allocation among multi-member households: issues, cores and equilibria

    • Hans Gersbach, Hans Haller

    Pages 177-200

    PDF

13. Valuation equilibrium revisited

    • Peter Hammond, Antonio Villar

    Pages 201-214

    PDF

14. The equal-distance rule in allocation problems with single-peaked preferences

    • Carmen Herrero, Antonio Villar

    Pages 215-223

    PDF

15. The existence of the satisfactory point

    • Adam Idzik

    Pages 225-231

    PDF

16. Optimal entry and the marginal contribution of a player

    • Kunio Kawamata

    Pages 233-254

    PDF

17. On an Edgeworth characterization of rational expectations equilibria in atomless asset market economies

    • Leonidas C. Koutsougeras

    Pages 255-264

    PDF

18. A characterization of the equal income market equilibrium choice correspondence based on average envy freeness

    • Sombed Lahiri

    Pages 265-270

    PDF

19. Non-keynesian effects of fiscal contractions: theory and applications for Germany

    • Bernd Lucke

    Pages 271-292

    PDF

20. Incentives and risk sharing in a stock market equilibrium

    • Michael Magill, Martine Quinzii

    Pages 293-323

    PDF

In 1990, the Society for the Advancement of Economic Theory (SAET) was founded with the main purpose to advance our knowledge in theoretical economics and to facilitate communication among researchers in economics, mathematics, game theory and any other field which is po­ tentially useful to economic theory. To achieve these goals, SAET sponsors the research journal Economic Theory published by Springer-Verlag and holds international conferences every other year. The first two conferences SAET took place in the island of Cephalonia, Greece, in the summers of of 1993 and 1995. In the summer of 1997, the conference was held in Antalya, Turkey. The twenty-nine papers in this volume are mostly by participants in the Antalya meeting of SAET and form a broad sample of the 150 papers pre­ sented there. Topics covered include cooperative and noncooperative games, social choice and welfare, bargaining, matchings, auctions, mechanism de­ sign, general equilibrium, general equilibrium with finance, industrial or­ ganization, macroeconomics, and experimental economics. We have chosen to present the papers according to the alphabetical order of first author names instead of grouping them by topic or theme. We have appended a complete listing of the sessions in the conference together with a list of program committee members and of sponsors at the end of the volume.

• Keynes
• decision making
• economic theory
• economics
• equilibrium
• experimental economics
• game theory
• general equilibrium
• industrial organization
• macroeconomics
• mechanism design
• social choice
• taxation
• welfare
• Ökonomik

• Department of Management, Bogazici University, Istanbul, Turkey

  Ahmet Alkan

• Department of Economics, Purdue University, West Lafayette, USA

  Charalambos D. Aliprantis

• Department of Economics, University of Illinois at Urbana Champaign, Champaign, USA

  Nicholas C. Yannelis

Policies and ethics