Market Participation and Sunspot Equilibria

DOI10.2307/2298039zbMath0841.90027OpenAlexW2008035040MaRDI QIDQ4860689

Karl Shell, Yves Balasko, David Cass

Publication date: 24 July 1996

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://doc.rero.ch/record/304747/files/62-3-491.pdf

zbMATH Keywords

exchange economystructure of competitive equilibria

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (15)

Sunspots and incomplete financial markets: The general case ⋮ Fiscal rules and extrinsic uncertainty ⋮ Multiplicity of equilibria ⋮ Equilibrium analysis of the infinite horizon model with smooth discounted utility functions ⋮ Refinement of dynamic equilibrium using small random perturbations ⋮ Introduction to general equilibrium ⋮ On the stability of nonsunspot equilibria ⋮ The structure of financial equilibrium with exogenous yields. The case of restricted participation ⋮ Manipulation of endowments and sunspot equilibria ⋮ ASSET PRICE BUBBLES IN INCOMPLETE MARKETS ⋮ Pareto optima, welfare weights, and smooth equilibrium analysis ⋮ The type-agent core for exchange economies with asymmetric information ⋮ Price level volatility: A simple model of money taxes and sunspots ⋮ Equivariant general equilibrium theory ⋮ A Mathematical Theory of Financial Bubbles

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