In this paper we develop a framework for the study of financial equilibrium in the case of sectors in the economy, each of which is faced with two objectives/criteria in his portfolio selection decision making. In particular, we first present the bicriteria decision model of an individual...

This paper presents a network model of financial flow of funds accounting which can be used to calculate reconciled values of all outstanding financial instruments, tangible assets, and net worth. The model captures the accounting identities which must hold and permits the estimation of sector...