La théorie du salaire d'efficience, développée par les "nouveaux keynésiens", s'inscrit dans un programme de recherche dont le but est d'expliquer le chômage "involontaire" dans le cadre de "l'équilibre général". Ces travaux constituent donc une tentative de synthèse des analyses...

Our earlier papers had extended to asymmetric information some classical existence theorems of general equilibrium theory, under the standard assumption that agents had perfect foresights, that is, they knew at the outset which price would prevail tomorrow on each spot market. Yet, observation...

In this general equilibrium model, justice and police institutions are treated as a mechanism that induces individuals to extend some desirable productive effort. This determines individual encroachment activities which in turn determine the proportion of aggregate production that fails to be...