Introduction to sunspots and lotteries.
This introduces the symposium on sunspots and lotteries. Two stochastic general-equilibrium concepts, sunspot equilibrium (SE) and lottery equilibrium (LE), are compared. It is shown that, for some general, pure-exchange economies which allow for consumption nonconvexities or moral hazards, the set...
| Publicado en: | Journal of Economic Theory Vol. 107; no. 1; pp. 1 - 11 |
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| Autores principales: | , |
| Formato: | Symposium |
| Publicado: |
Academic Press Inc.
November 2002
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |