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.

Production Management, Investments, Markets (Economics), Savings, Saving and investment

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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.

Economic Programs, Administration of Economic Programs, Usage, Economic policy, Industrial productivity, Equilibrium (Economics), Econometric models, Productivity

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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.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Asset Valuation & Distribution, Models, Economic aspects, Beliefs, opinions and attitudes, Investors, Asset valuation

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