Incomplete-market dynamics in a neoclassical production economy
Article Abstract:
The market dynamics of a neoclassical production economy with heterogenous agents, convex technologies and idiosyncratic production risks are analyzed. The effects of endogenous fluctuations, precautionary savings, investment risks etc., on such an economy are examined.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2005
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Markovian equilibrium in infinite horizon economies with incomplete markets and public policy
Article Abstract:
An econometric model developing Markovian equilibrium for infinite horizon economies with factors like capital, risks, public policy, externalities, production and incomplete markets, is presented.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2005
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Aggregation of heterogeneous beliefs
Article Abstract:
A method for the assembly of varied individual beliefs of investors, on asset pricing in complete financial markets, into a single probability belief of all investors, is discussed.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2006
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