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JOURNALS // Diskretnyi Analiz i Issledovanie Operatsii // Archive

Diskretn. Anal. Issled. Oper., 2008 Volume 15, Issue 5, Pages 76–99 (Mi da551)

This article is cited in 1 paper

Equilibria in a multiperiod economy model with short-run planning

A. V. Sidorov

Sobolev Institute of Mathematics, Siberian Branch of the Russian Academy of Sciences

Abstract: A multiperiod production economy model of Arrow–Debreu type is studied, which allows an additional possibility of consumer's investment into the production sector and also allows credit operations between consumers on the base of a non-arbitrage interest rate. The main result is a proof of the equilibrium existence theorem in multiperiod model with myopic planning of consumption, production, and investment. Bibl. 5.

Keywords: Arrow–Debreu model, competitive equilibrium, interest rate, myopic behavior.

UDC: 519.865.3

Received: 07.04.2008
Revised: 21.07.2008



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