Contracting over Prices

We define a solution concept, perfectly contracted equilibrium, for an intertemporal exchange economy where agents are simultaneously price takers in spot commodity markets while engaging inefficient, non-Walrasian contracting over future prices. Without requiring that agents have perfect foresight,...

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Bibliographic Details
Main Authors: CHATTERJI, Shurojit, GHOSAL, Sayantan
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/1417
https://ink.library.smu.edu.sg/context/soe_research/article/2416/viewcontent/36_2012_ContractingoverPrices.pdf
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Institution: Singapore Management University
Language: English