Related papers: The Existence of Equilibrium Flows
We formulate the equations of fluid dynamics as an intersection-theoretic problem on an infinite-dimensional symplectic manifold naturally associated with spacetime. This perspective separates the structures determined by the equation of…
We consider a dynamic model of traffic that has received a lot of attention in the past few years. Users control infinitesimal flow particles aiming to travel from an origin to a destination as quickly as possible. Flow patterns vary over…
We study an optimal stopping problem under non-exponential discounting, where the state process is a multi-dimensional continuous strong Markov process. The discount function is taken to be log sub-additive, capturing decreasing impatience…
The modeling of financial markets as disequilibrium models by ordinary differential equations has become a popular modeling tool. One famous example of such a model is the Beja-Goldman model(The Journal of Finance, 1980) which we consider…
Executing even moderately large derivatives orders can be expensive and risky; it's hard to balance the uncertainty of working an order over time versus paying a liquidity premium for immediate execution. Here, we introduce the Time Is…
We propose a new approach to the theory of normal forms for Hamiltonian systems near a non-resonant elliptic singular point. We consider the space of all Hamiltonian functions with such an equilibrium position at the origin and construct a…
We study regularity of a hydrodynamic singular model of collective behavior introduced in \cite{ST1}. In this note we address the question of global well-posedness in multi-dimensional settings. It is shown that any initial data $(u,\rho)$…
We consider the problem of allocating indivisible goods in a way that is fair, using one of the leading market mechanisms in economics: the competitive equilibrium from equal incomes. Focusing on two major classes of valuations, namely…
We present the Hamiltonian formalism for the Euler equation of symplectic fluids, introduce symplectic vorticity, and study related invariants. In particular, this allows one to extend D.Ebin's long-time existence result for geodesics on…
We review and apply the continuous symmetry approach to find the solution of the 3D Euler fluid equations in several instances of interest, via the construction of constants of motion and infinitesimal symmetries, without recourse to…
In the first part of this paper (Sections 1-4), we study a standard exchange economy model with Cobb-Douglas type consumers and give a necessary and sufficient condition for the existence of an odd period cycle in the Walras-Samuelson…
We develop estimates for the solutions and derive existence and uniqueness results of various local boundary value problems for Dirac equations that improve all relevant results known in the literature. With these estimates at hand, we…
We investigate the effects of the social interactions of a finite set of agents on an equilibrium pricing mechanism. A derivative written on non-tradable underlyings is introduced to the market and priced in an equilibrium framework by…
The problem of arriving at a principled method of pricing goods and services was very satisfactorily solved for conventional goods; however, this solution is not applicable to digital goods. This paper studies pricing of a special class of…
We model a system of n asymmetric firms selling a homogeneous good in a common market through a pay-as-bid auction. Every producer chooses as its strategy a supply function returning the quantity S(p) that it is willing to sell at a minimum…
Two issues of algorithmic collusion are addressed in this paper. First, we show that in a general class of symmetric games, including Prisoner's Dilemma, Bertrand competition, and any (nonlinear) mixture of first and second price auction,…
Stable flows generalize the well-known concept of stable matchings to markets in which transactions may involve several agents, forwarding flow from one to another. An instance of the problem consists of a capacitated directed network, in…
In this work, the exact reproduction of a moving-water steady flow via the numerical solution of the one-dimensional shallow water equations is studied. A new scheme based on a modified version of the HLLEM approximate Riemann solver…
We introduce a class of unconditionally energy stable, high order accurate schemes for gradient flows in a very general setting. The new schemes are a high order analogue of the minimizing movements approach for generating a time discrete…
Uniformly regular equilibrium problems are natural generalizations of abstract equilibrium prob lems and they are defined over the uniformly prox-regular nonconvex sets. Some new efficient implicit methods for solving uniformly regular…