Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/62256
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Bank, Peter | en |
dc.contributor.author | Riedel, Frank | en |
dc.date.accessioned | 2012-09-07T15:41:00Z | - |
dc.date.available | 2012-09-07T15:41:00Z | - |
dc.date.issued | 2000 | - |
dc.identifier.pi | urn:nbn:de:kobv:11-10048304 | en |
dc.identifier.uri | http://hdl.handle.net/10419/62256 | - |
dc.description.abstract | We prove existence of an Arrow-Debreu equilibrium when agents' preferences exhibit local substitution in the sense of Hindy, Huang, and Kreps (1992). Efficient allocations and supporting price functionals are identified and characterized. Under Hindy Huang Kreps preferences, equilibrium price processes are semimartingales for arbitrary endowments, but in general, they do not belong to the space suggested originally by Hindy and Huang (1992) due to an additional singular local time component. | en |
dc.language.iso | eng | en |
dc.publisher | |aHumboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes |cBerlin | en |
dc.relation.ispartofseries | |aSFB 373 Discussion Paper |x2000,104 | en |
dc.subject.jel | D51 | en |
dc.subject.jel | D91 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | General Equilibrium | en |
dc.subject.keyword | Local Substitution | en |
dc.subject.keyword | Non Time Additive Utility | en |
dc.title | Existence and structure of stochastic equilibria with intertemporal substitution | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 723879966 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:sfb373:2000104 | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.