Mechanisms leading to equilibrium in economy with financial market
基于熊彼特的经济演化思想，利用赫维茨机制框架，研究了实体经济与金融创新如何被采纳为常规活动，并分析了存在金融市场和私有制的经济中实现均衡的机制。
Abstract Joseph Schumpeter pointed to the important role of the economic mechanism, understood as a set of rules and regularities explaining the economic life, within the evolution of the economy. Innovative mechanisms as well as mechanisms of adaptation of innovations into agents' activities were at the core of his interest. This paper aims at designing some kinds of innovative and non‐innovative mechanisms that can appear within the economic evolution. Hurwicz mechanisms are used to rigorously study the processes within which real and financial innovations are adopted into routine agents' activities. Mechanisms that could result in the existence of equilibrium in the economy with financial markets and private ownership are specifically under our consideration. Due to the above, qualitative properties of analysed mechanisms can be examined with respect to Schumpeter's concepts.