Beißner, Patrick; Riedel, Frank: Equilibria under Knightian Price Uncertainty. In: . Jg.597. 2018, S. 28 ff.
Inhalt
- Introduction
- Knight–Walras Equilibrium
- Expectations and Forward Prices
- The Economy with Sublinear Forward Prices
- Discussion of Sublinear Prices
- On Utility Functions under Uncertainty
- Existence of Knight–Walras Equilibria
- (Non–) Equivalence to Arrow–Debreu Equilibrium
- Efficiency
- Sensitivity of Arrow–Debreu Equilibria with respect to Knightian Price Uncertainty
- Conclusion
- Existence
- Proofs