Valuation equilibria with transactions costs.

For a class of economic environments with transactions costs, a simple reformulation of the commodity space makes it possible to study the transactions-costs economies as particular instances of Gerard Debreu's (1954) valuation equilibrium. In this formulation, consumers are constrained only by the...

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Detalles Bibliográficos

Publicado en:	American Economic Review Vol. 85; pp. 287 - 291
Autores principales:	Chatterjee, Satyajit, Corbae, Dean
Formato:	Artículo
Publicado:	American Economic Association May 1995
Materias:	Transaction costs Economic equilibrium Resource allocation > Mathematical models Valuation Mathematical models
Acceso en línea:	Ver este registro en EBSCOhost