EQUILIBRIUM STORAGE WITH MULTIPLE COMMODITIES

Kazuo Nishimura and John Stachurski ()

CAMA Working Papers from Australian National University, Centre for Applied Macroeconomic Analysis

Abstract: This paper studies a multisector model of commodity markets with storage, solving the representative agent problem and obtaining the corresponding decentralized equilibrium. We describe the dynamics of the model, establishing geometric ergodicity, a Law of Large Numbers and a Central Limit Theorem.

New Economics Papers: this item is included in nep-dge
Date: Written 2007-03

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