General Equilibrium Analysis

一般均衡分析

• 批准号: 9212769
• 负责人: Donald Brown
• 金额: $ 15.82万
• 依托单位: Stanford University
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 1992
• 资助国家: 美国
• 起止时间: 1992-08-15 至 1996-01-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9212769&HistoricalAwards=false
• 关键词: General; Equilibrium; Analysis

This project continues research by the investigator in four areas of general equilibrium analysis: (1) the existence and optimality of competitive equilibrium in markets with an infinite number of commodities; (2) the spanning and pricing of derivative assets, with call options in markets with infinite state spaces; (3) the allocation of resources in market economies with increasing returns to scale in production; and (4) general equilibrium restrictions on market prices and income distributions. This research provides a more rigorous and general theory for studying incomplete financial markets, macroeconomics, economic growth and other important areas of economics. More specifically, the contributions under this grant for these four areas consists of (1) proving the existence of equilibria in two-period and three-period incomplete markets general equilibrium models, where the state space is infinite, for both the cases of a finite and infinite number of marketed financial assets; (2) providing a constructive existence proof of pseudo-equilibria in general equilibrium models with incomplete asset markets; (3) establishing the existence of a two-part pricing equilibrium with imperfect information and examining its optimality; and (4) extending the Brown-Matzkin model of revealed equilibrium analysis to accommodate random utility functions or errors in measurement.

该项目继续研究由调查员在四个领域 一般均衡分析：（1）存在性和最优性 竞争均衡的理论 （2）衍生资产的生成和定价， 无限状态空间市场中的看涨期权;（3） 市场经济中的资源配置， 生产规模收益;（4）一般均衡 限制市场价格和收入分配。 这 研究提供了一个更严格的和一般的理论研究 不完全金融市场、宏观经济、经济增长和 其他重要经济领域。 更具体地说，这笔赠款下的捐款用于 四个方面包括：（1）证明均衡的存在性， 两期和三期不完全市场 平衡模型，其中状态空间是无限的， 有限和无限数量的市场化金融产品的情况 资产; (2)给出了伪均衡的构造性存在性证明 不完全资产市场的一般均衡模型; (3)建立两部分定价均衡的存在性 不完全信息下的最优性检验;（4） 布朗-马茨金揭示均衡模型的推广 分析，以适应随机效用函数或误差， 测量.