ダウンロード数: 52
| タイトル: | Intertemporal efficiency does not imply a common price forecast: a leading example |
| 著者: | Chatterji, Shurojit Kajii, Atsushi Zeng, Huaxia |
| 発行日: | 29-Mar-2018 |
| 出版者: | Institute of Economic Research, Kyoto University |
| 誌名: | KIER Discussion Paper |
| 巻: | 992 |
| 開始ページ: | 1 |
| 終了ページ: | 9 |
| 抄録: | We define an efficient temporary equilibrium (ETE) within the framework of a two period economy. We show by example that ETE in this setting can lead to intertemporally efficient allocations without the agents forecasts being coordinated on a perfect foresight price. There is a one dimensional set of such efficient allocations for generic endowments. |
| URI: | http://hdl.handle.net/2433/236143 |
| 出現コレクション: | KIER Discussion Paper (英文版) |
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