Since 2014
The CATASSTROPHE MAP: PROPERTIES of a PRODUCTION MODEL with UNCERTAINTY
GSTF Journal on Business Review
View Archive Info| Field | Value | |
| Title |
The CATASSTROPHE MAP: PROPERTIES of a PRODUCTION MODEL with UNCERTAINTY
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| Creator |
Christian, Pascal
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| Subject |
Existence of Equilibrium, Uncertainty, Production
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| Description |
The paper generalizes the natural projection approachintroduced by Balasko [4] for study of the qualitative equilibriumstructure of exchange economies to a two period privateownership production model with uncertainty. It shows that longrun equilibrium properties of the production model are those ofthe pure exchange economy with production adjusted demandfunctions. Associated with every long run equilibrium there exista finite, odd number of short run equilibria.
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| Publisher |
GSTF Journal on Business Review (GBR)
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| Contributor |
—
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| Date |
2012-10-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://dl6.globalstf.org/index.php/gbr/article/view/1247
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| Source |
GSTF Journal on Business Review (GBR); Vol 2, No 2 (2012): Journal on Business Review (GBR)
ISSN: 2251-2888 2010-4804 |
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| Language |
eng
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| Relation |
http://dl6.globalstf.org/index.php/gbr/article/view/1247/1263
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| Rights |
Copyright (c) 2017 GSTF Journal on Business Review (GBR)
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