Existence of expectation equilibrium of real asset economies with transaction costs

被引:0
|
作者
Mao E. [1 ]
机构
[1] School of Economics & Management, Tsinghua Univ., 100084, Beijing
基金
美国国家科学基金会;
关键词
Expectation equilibrium; Real assets; Transaction costs;
D O I
10.1007/s11766-999-0076-0
中图分类号
学科分类号
摘要
To some two-period economies with countable infinite state spaces, the existence of expectation equilibrium of real asset economies with transaction costs is given. This work extends the researches of Zame in 1993. © 1999, Springer Verlag. All rights reserved.
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页码:461 / 466
页数:5
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