PRICES, ASSET MARKETS AND INDETERMINACY

Authors
POLEMARCHAKIS HM SICONOLFI P
Citation
Hm. Polemarchakis et P. Siconolfi, PRICES, ASSET MARKETS AND INDETERMINACY, Journal of economic theory (Print), 82(1), 1998, pp. 46-64
Citations number
14
Categorie Soggetti
Economics
Journal title
Journal of economic theory (Print) → ACNP
ISSN journal
00220531
Volume
82
Issue
1
Year of publication
1998
Pages
46 - 64
Database
ISI
SICI code
0022-0531(1998)82:1<46:PAMAI>2.0.ZU;2-B
Abstract
Competitive equilibrium allocations are indeterminate when the net tra des in commodities are constrained, while the asset market is incomple te. The model encompasses economies with deferred payment for commodit ies, economies with nominal assets, and economies with bundling of com modities and assets. (C) 1998 Academic Press