Prices, asset markets and indeterminacy

Article Abstract:

The indeterminacy of competitive equilibrium allocations in incomplete asset markets was established using an aggregate pricing model. Such a condition is particularly prevalent in economies where commodity net trades are constrained, such as nominal assets and deferred payment for commodities. Although price variation among constrained commodities does not influence the value of an individual's net trade, it was found to cast a significant impact on the allocation of expenditure across states.

Analysis, Pricing, Assets (Accounting), Equilibrium (Economics)

---

A note on heterogeneity, inefficiency, and indeterminacy with Ricardian preferences

Article Abstract:

Research is presented concerning the lack of equivalence of successive generations models featuring finitely lived agents and infinite-horizon models featuring infinitely lived agents.

Research, Economic research, Monetary policy, Letter to the Editor, Commercial agents

---

Similar abstracts:

• Abstracts: Social capital and growth. Interaction between economic and financial development
• Abstracts: Interest rate rules and price determinacy: the role of transactions of bonds. Business cycles in emerging economies: the role of interest rates
• Abstracts: Repeated moral hazard and one-sided commitment. A recursive formulation for repeated agency with history dependence
• Abstracts: Liquidity of the Treasury bill market and the term structure of interest rates. Increasing liquidity and the declining informational content of the paper-bill spread
• Abstracts: Strict monotonicity in comparative statics. Endogenous strategic business cycles. Fickle consumers, durable goods, and business cycles

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.