Partial equilibrium of consumers in an aggregative model

Manuel Guttiérrez ()
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Manuel Guttiérrez: Universidad de Salamanca et CERMSEM

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: We consider an aggregative consumption economy, where there are a market for commodities and four financial markets: for bonds, deposits, credits and a speculative asset. The decision analytic ideas of decentralization and price aggregation are applied to discuss the existence of equilibrium

Keywords: Partial equilibrium; decentralization; price aggregation; consumption economy; aggregative models (search for similar items in EconPapers)
JEL-codes: C60 E10 E21 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2004-07
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:b04081

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