Sunspot equilibria and the transfer paradox

dc.contributor.author	Hens, Thorsten
dc.contributor.author	Pilgrim, Beate
dc.date.accessioned	2006-07-13T07:30:30Z
dc.date.available	2006-07-13T07:30:30Z
dc.date.issued	2004-04
dc.identifier.issn	1500-4066
dc.identifier.uri	http://hdl.handle.net/11250/163693
dc.description.abstract	We show that for international economies with two countries, in which agents have additively separable utility functions, the existence of sunspot equilibria is equivalent to the occurrence of the transfer paradox. This equivalence enables us to provide some new insights on the relation of the existence of sunspot equilibria and the multiplicity of spot market equilibria.	en
dc.format.extent	1010514 bytes
dc.format.mimetype	application/pdf
dc.language.iso	eng	en
dc.publisher	Norwegian School of Economics and Business Administration. Department of Finance and Management Science	en
dc.relation.ispartofseries	Discussion paper	en
dc.relation.ispartofseries	2004:14	en
dc.subject	sunspot equilibria	en
dc.subject	transfer paradox	en
dc.title	Sunspot equilibria and the transfer paradox	en
dc.type	Working paper	en