Consumer surplus analysis under uncertainty: A general equilibrium perspective
This paper derives an exact form of partial equilibrium efficiency measure under uncertainty which is consistent with expected utility maximization in a general equilibrium situation with ex-post spot markets for many goods and asset markets which are in general incomplete.
Gespeichert in:
| Autor*in: |
Hayashi, Takashi [verfasserIn] |
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| Format: |
E-Artikel |
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| Sprache: |
Englisch |
| Erschienen: |
2014 |
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| Schlagwörter: |
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| Umfang: |
11 |
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| Übergeordnetes Werk: |
Enthalten in: Facile synthesis of ZnO nanorod arrays and hierarchical nanostructures for photocatalysis and gas sensor applications - 2011, Amsterdam |
|---|---|
| Übergeordnetes Werk: |
volume:55 ; year:2014 ; pages:154-164 ; extent:11 |
| Links: |
|---|
| DOI / URN: |
10.1016/j.jmateco.2014.02.001 |
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ELV039341046 |
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This paper derives an exact form of partial equilibrium efficiency measure under uncertainty which is consistent with expected utility maximization in a general equilibrium situation with ex-post spot markets for many goods and asset markets which are in general incomplete. |
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