Temporary Equilibrium
Subtitle: Selected Readings (Economic Theory, Econometrics, and Mathematical Economics)
Edition: New Ed edition
Publisher: Academic Pr
Published: November 1988
Language: eng
Format: Hardcover
Number of pages: 485
ISBN-13: 9780122951459
Subjects: Economic Theory; Business/Economics; Monetary economics; 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.