Herings, P.J.J.

structure agent equilibrium market p ·|s state value household q ·|s ·|1 period y ·|s x ·|s preference price pairwise communication allocationally equivalent network payoff ad equilibrium commodity τ ≥ t future τ ∈ t theorem expectation sequentially e ·|1 household h h ∈ h economy t ∈ t neighbor degree structure price expectations proof consumption sc equilibrium p ·|1 equilibria time-consistent neighbor result equivalent condition allocationally ïve sc equilibrium economy e model component example welfare n jni degree arrow section proposition definition individual hering behavior structure g pairwise stability p ∈ p period 1 market structures rohde value case center agent ïve households spot markets completeness specificity fi rst period ∈ n δ ∈ n γ opportunity ïve sequentially –debreu satis fied