Comment on 'Competitive Equilibria of Economies with a Continuum of Consumers and Aggregate Shocks' by J. Miao

The paper "Competitive equilibria of economies with a continuum of consumers and aggregate shocks" by J. Miao provides an in-depth analysis of dynamic models of the economy with a continuum of agents and aggregate productivity shocks. In Section 3 the existence of a sequential competitive equilibrium is derived by applying the Brouwer -- Schauder -- Tychonoff fixed point theorem. But unfortunately, there are two non-trivial problems in the proof

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Year of publication:	2016
Authors:	Cheridito, Patrick
Other Persons:	Sagredo, Juan (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Gleichgewichtstheorie \| Equilibrium theory \| Schock \| Shock \| Allgemeines Gleichgewicht \| General equilibrium

Extent:	1 Online-Ressource (1 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 27, 2016 erstellt
Other identifiers:	10.2139/ssrn.2815971 [DOI]
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; D52 - Incomplete Markets ; E20 - Consumption, Saving, Production, Employment, and Investment. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012986027