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"This paper proves the Welfare Theorems and the existence of a competitive equilibrium for the club economies with private information in Prescott and Townsend (2005). The proofs cover lottery economies with a finite number of goods and without free disposal. A mapping based on Negishi (1960) is used"--Federal Reserve Bank of Richmond web site.
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Firms as clubs in walrasian markets with private information: technical appendix
2005, Federal Reserve Bank of Richmond
electronic resource :
in English
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Book Details
Edition Notes
Title from PDF file as viewed on Oct. 2, 2006.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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December 17, 2020 | Created by MARC Bot | import new book |