Price Theory for Incomplete Markets
收藏NBER2022-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30037
下载链接
链接失效反馈官方服务：
资源简介：
We provide a price theory for incomplete markets that extends the traditional Walrasian analysis. We derive formulas expressing the consumption response to current and future changes in interest rates and income. Our analysis provides a natural decomposition of these responses into substitution and
提供机构：
美国国家经济研究局
创建时间：
2022-05-01
