Blar i Discussion papers (FOR) på forfatter "Mayer, Janós"
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Existence of sunspot equilibria and uniqueness of spot market equilibria : the case of intrinsically complete markets
Hens, Thorsten; Mayer, Janós; Pilgrim, Beate (Discussion paper, Working paper, 2004)We consider economies with additively separable utility functions and give conditions for the two-agents case under which the existence of sunspot equilibria is equivalent to the occurrence of the transfer paradox. This ...