Sunspot equilibria and incomplete financial markets
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Publication:1176222
DOI10.1016/0304-4068(91)90034-QzbMath0736.90014MaRDI QIDQ1176222
Publication date: 25 June 1992
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0304-4068(91)90034-q
equilibrium allocations; incomplete financial markets; inefficient sunspot allocations; two-period pure exchange competitive economy
91B50: General equilibrium theory
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Growth, externalities, and sunspots, Real indeterminacy in incomplete financial market economies without aggregate risk, Real indeterminacy of equilibria in a sunspot economy with inside money, The structure of the set of sunspot equilibria in economies with incomplete financial markets, Sunspots and incomplete financial markets: The general case, Price-level volatility and welfare in incomplete markets with sunspots, Existence of sunspot equilibrium and absence of non-sunspot equilibria in a financial economy
Cites Work