Existence of a statistical equilibrium for an economy with endogenous offer sets (Q607477)

The referred paper extends the concept of statistical equilibrium to economies with endogenous offer sets, and proves its existence in such economies. The term ``statistical equilibrium'' denotes the distribution over offer sets that can be achieved for a maximal number of agents. The main contributions of the paper consist in the generalization of the concept of statistical equilibrium, in the proof of its existence, in the analysis of computational algorithm developed for its specification, and in the discussion of an application of the presented theory to the labor market and minimal wage analysis.