Classical competitive analysis in a growth economy with search Public Deposited

Alpha creator Series Issue number
  • 329
Mot-clé Subject Description
  • Replaced by WP 449.

Abstract
  • Arrow-Debreu competitive equilibrium analysis is extended to environments with information sets differing in space as well as in time and with people moving between locations. Equilibrium is shown to exist and to be optimal and the equilibrium price system is characterized. Such environments include many of those studied in the equilibrium search literature.
Alternative title
  • Classical competitive analysis of economies with islands / Edward C. Prescott, Jose-Victor Rios-Rull.
Contributeurs Date created
  • 1989-01
Date modified
  • 08/22/2018
Publisher
  • Federal Reserve Bank of Minneapolis. Research Division.
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