Efficiency and Speculation in a Model with Price-Contingent Contracts

DOI10.2307/1911130zbMath0452.90012OpenAlexW1984997479MaRDI QIDQ3899791

Lars E. O. Svensson

Publication date: 1981

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1911130

zbMATH Keywords

efficiencyexistence of equilibriumprice-contingent contractsoccurrence of speculation

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (10)

Recursive equilibrium with price perfect foresight and a minimal state space ⋮ Labor contracts and the role of monetary policy in an overlapping generations model ⋮ General equilibrium with endogenous uncertainty and default ⋮ On endogenous formation of price expectations ⋮ Decentralizability of efficient allocations with heterogeneous forecasts ⋮ Existence of an equilibrium for infinite horizon economies with and without complete information ⋮ Rational beliefs and endogenous uncertainty ⋮ Construction of a state space for interrelated securities with an application to temporary equilibrium theory ⋮ Endogenous uncertainty in a general equilibrium model with price contingent contracts ⋮ Two-period economies with price-contingent deliveries

This page was built for publication: Efficiency and Speculation in a Model with Price-Contingent Contracts