Koeppl, Thorsten V. (contributor); Monnet, Cyril (contributor) - 2006
and Expansionary Policy,”
Journal of Economic Theory 54
[18] Mirrlees J. (1971) “An Exploration in the Theory of Optimal … γ.More
precisely, in each period an agent is in a trade meeting with probability 2γ.
In this case, he is a potential … producer or a potential consumer with equal
probability. With probability (1−2γ) the agent is in a no-trade meeting.
We assume …