Calendrier du 17 septembre 2018
Roy Seminar (ADRES)
Du 17/09/2018 de 17:00 à 18:30
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
RICHTER Michael (Royal Holloway)
Normative Equilibrium: The permissible and the forbidden as devices for bringing order to economic environments
We introduce the notion of a normative equilibrium as a method which brings harmony to "general equilibrium" like environments where individuals make preference-maximizing choices but not every profile of choices is feasible. In an equilibrium, norms stipulate what is permissible and what is forbidden. These uniform norms play a role analogous to that of price systems in competitive equilibrium and also feature some element of "fairness" since all individuals face the same choice set. The solution concept is a maximally permissive set of alternatives that is consistent with the existence of a profile of optimal choices which is feasible. Properties of the solution concept are analysed and the concept is applied to a variety of economic settings.
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 17/09/2018 de 13:00 à 14:00
Maison des Sciences Economiques, Salle S/2
WIBAUX Pauline (Paris 1 - PSE)
Trade Retaliation
écrit avec Davide Furceri (IMF), Chris Papageorgiou (IMF)