WEKO3
アイテム
Decentralizability of Efficient Allocations with Heterogenous Forecasts
http://hdl.handle.net/2261/00078997
http://hdl.handle.net/2261/00078997d5e84083-f354-4c7d-a8be-56a2f0b07680
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
cb-wp016.pdf (1.0 MB)
|
|
| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2020-02-26 | |||||
| タイトル | ||||||
| タイトル | Decentralizability of Efficient Allocations with Heterogenous Forecasts | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||
| タイプ | technical report | |||||
| 著者 |
Chatterji, Shurojit
× Chatterji, Shurojit× Kajii, Atsushi |
|||||
| 著者所属 | ||||||
| 著者所属 | Singapore Management University | |||||
| 著者所属 | ||||||
| 著者所属 | Kwansei Gakuin University | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | Do price forecasts of rational economic agents need to coincide in perfectly com-petitive complete markets in order for markets to allocate resources efficiently? To address this question, we define an efficient temporary equilibrium (ETE) within the framework of a two period economy. Although an ETE allocation is intertemporally efficient and is obtained by perfect competition, it can arise without the agents fore-casts being coordinated on a perfect foresight price. We show that there is a one dimensional set of such Pareto efficient allocations for generic endowments. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | Publisher's another name: JSPS Grants-in-Aid for Scientific Research (S) Central Bank Communication Design | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | JEL classification numbers: D51, D53, D61 | |||||
| 書誌情報 |
Working Papers on Central Bank Communication 巻 016, 発行日 2020-02 |
|||||
| 著者版フラグ | ||||||
| 値 | publisher | |||||
| 出版者 | ||||||
| 出版者 | Research Project on Central Bank Communication | |||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.centralbank.e.u-tokyo.ac.jp/en/category/research-data/ | |||||
| 関連名称 | http://www.centralbank.e.u-tokyo.ac.jp/en/category/research-data/ | |||||
