Prices, Asset Markets and Indeterminacy
证明当商品净交易受限且资产市场不完全时,竞争均衡配置是不确定的,涵盖延期支付、名义资产及商品与资产捆绑等经济情形。
Competitive equilibrium allocations are indeterminate when the net trades in commodities are constrained, while the asset market is incomplete. The model encompasses economies with deferred payment for commodities, economies with nominal assets, and economies with bundling of commodities and assets.Journal of Economic LiteratureClassification Numbers: D50, D52.