Equilibrium Structure of Production Economies with Uncertainty: The Natural Projection Approach

The paper generalizes the natural projection approach introduced by Balasko (1988) to production economies with uncertainty. It explores the equilibrium structure of the long run and short run private ownership production model. It is shown that qualitative equilibrium properties of the production model are those of the exchange model with production adjusted demand functions.

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Year of publication:	2011-04
Authors:	Stiefenhofer, Pascal
Institutions:	Department of Economics and Related Studies, University of York
Subject:	Existence of Equilibrium \| Equilibrium Structure \| Uncertainty \| Production

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	D62 - Externalities ; D52 - Incomplete Markets ; D53 - Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009001748