Price-level volatility and welfare in incomplete markets with sunspots
Year of publication: |
2015
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Authors: | Kang, Minwook |
Published in: |
Journal of mathematical economics. - Amsterdam [u.a.] : Elsevier, ISSN 0304-4068, ZDB-ID 217625-7. - Vol. 56.2015, p. 58-66
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Subject: | Price-level volatility | Market incompleteness | Sunspots | Pareto-improving redistribution | Excess volatility | Kaldor criterion | Unvollkommener Markt | Incomplete market | Volatilität | Volatility | Theorie | Theory | Finanzmarkt | Financial market | Preisniveau | Price level | Wohlfahrtsanalyse | Welfare analysis |
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