Equilibrium prices when the sunspot variable is continuous.

DOI10.1006/JETH.1999.2634MaRDI QIDQ1867540zbMATH OpenOpenAlexFDO

Authors Rod Garratt, Todd Keister, Karl Shell, Cheng-Zhong Qin

Publication date 2 April 2003

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/4ce895ec375d5db80618ba3bd8ecbc44f535526b

zbMATH Keywords

sunspotnonconvex economiesprobability-adjusted prices

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• Convexity and sunspots: Another remark
• Decentralizing lottery allocations in markets with indivisible commodities
• Exchange Rate Volatility in an Equilibrium Asset Pricing Model
• Extrinsic uncertainty revisited
• General Competitive Analysis in an Economy with Private Information
• Indivisibilities, lotteries, and sunspot equilibria
• Lotteries, sunspots, and incentive constraints
• Market Uncertainty: Correlated and Sunspot Equilibria in Imperfectly Competitive Economies
• Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
• Robustness of sunspot equilibria
• Speculation and price fluctuations with private, extrinsic signals
• When sunspots don't matter

Cited in

(9)

• Non-stationary, stable Markov processes on a continuous state space
• Aggregation in economies with search frictions
• Lotteries, sunspots, and incentive constraints
• Introduction to sunspots and lotteries
• General equilibrium with nonconvexities and money
• Do taxspots matter? A study of optimal tax uncertainty
• Equivariant general equilibrium theory
• A characterization of robust sunspot equilibria
• Competitive equilibria with asymmetric information

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