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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2012
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| 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 |
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