Temporary Equilibrium
Subtitle: Selected Readings (Economic Theory, Econometrics and Mathematical Economics)
Publisher: Academic Press
Published: September 28, 1988
Language: eng
Format: Paperback
Number of pages: 512
ISBN-13: 9780122951466
Subjects: Econometrics; Monetary economics; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Macroeconomics; Business & Economics / Econometrics; Equilibrium (Economics)
First sentence: This paper surveys some recent studies of economies where trading takes place sequentially over time, and where each agent makes decisions at every date in the light of his expectations about his future environment, which are functions of his information on the present and past states of the economy.