Journal Article On the Free Rider Problem in the M.D.P. Procedure Get access Claude Henry Claude Henry Laboratoire d'Econométrie de l'Ecole Polytechnique, Paris Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 46, Issue 2, April 1979, Pages 293–303, https://doi.org/10.2307/2297052 Published: 01 April 1979 Article history Received: 01 May 1977 Accepted: 01 December 1977 Published: 01 April 1979

Option Values in the Economics of Irreplaceable Assets12 Claude Henry Claude Henry L'Ecole Polytechnique Paris Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 5, December 1974, Pages 89–104, https://doi.org/10.2307/2296373 Published: 01 December 1974

Journal Article Market Games with Indivisible Commodities and Non-convex Preferences Get access Claude Henry Claude Henry Laboratoire d'Econométrie de L'Ecole Polytechnique, Paris Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 39, Issue 1, January 1972, Pages 73–76, https://doi.org/10.2307/2296444 Published: 01 January 1972

[This paper deals with rules suitable for evaluating risky consequences of economic projects when various forms of stochastic dependence have to be taken into account. The Validity of various certainty-equivalence results, including the Arrow-Lind theorem, are reexamined in this framework.]

[This paper discusses the existence of a competitive equilibrium when the assumption of perfect divisibility is not fulfilled for all the goods involved in the economy; we limit ourselves to the case of a pure exchange economy with a finite number of traders. Section 2 is devoted to the proof of an existence theorem when assuming that only two goods are exchanged in the economy; in Section 3 we build a counterexample to show the restrictive nature of the assumptions one has to make in order to generalize the above theorem.]

[In recent years, stability analysis has been extended in two directions, which are useful for economic applications. The first direction concerns differential equations with discontinuous right-hand sides. The second direction concerns difference equations with multivalued right-hand sides. The present paper reviews some of these contributions (in Section 5, 6, and the Appendix), brings out their similarities, and illustrates their applications to economic problems. The illustration concerns an economy with both private and public goods (Section 2). It is shown (Section 3) how an efficient allocation for that economy can be reached through a globally stable process, combining a price-guided market allocation of private goods and a quantitative planning procedure for public goods. A discrete version of the planning procedure, using an internally defined variable speed of adjustment, is also shown (Section 4) to be quasi-stable.]