Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45637
Authors: 
Stiefenhofer, Pascal
Year of Publication: 
2011
Series/Report no.: 
Economics Discussion Papers 2011-10
Abstract: 
The paper generalizes the natural projection approach introduced by Balasko (1988) for the study of the qualitative equilibrium structure of exchange economies to a two period private ownership production model with uncertainty. It shows that long run equilibrium properties of the production model are those of the pure exchange economy with production adjusted demand functions. Associated with every long run equilibrium there exist a finite, odd number of short run equilibria.
Subjects: 
existence of equilibrium
uncertainty
production
JEL: 
D62
D52
D53
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type: 
Working Paper

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