Equilibrium storage with multiple commodities

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Equilibrium Forward Curves for Commodities

This paper presents an equilibrium model of the term structure of forward prices for storable commodities. Our approach differs from Brennan (1991) and Schwartz (1997) in that we do not explicitly assume an exogenous "convenience yield." Rather, our spot commodity has an embedded timing option that is absent in forward contracts, which arises from a non-negativity constraint on inventory. The v...

متن کامل

Equilibrium theory with asymmetric information and with infinitely many commodities

The traditional deterministic general equilibrium theory with infinitely many commodities cannot cover economies with private information constraints on the consumption sets. We bring the level of asymmetric information equilibrium theory at least at par with that of the deterministic. In particular, we establish results on equilibrium existence for exchange economies with asymmetric (different...

متن کامل

Existence and Welfare Properties of Equilibrium in an Exchange Economy with Multiple Divisible and Indivisible Commodities and Linear Production Technologies

In this paper we consider a class of economies with a ̄nite number of divisible commodities, linear production technologies, and indivisible goods, and a ̄nite number of agents. This class contains several well-known economies with indivisible goods and money as special cases. It is shown that if the utility functions are continuous on the divisible commodities and are weakly monotonic both on ...

متن کامل

Equilibrium Directed Search with Multiple Applications

In this paper, we construct an equilibrium model of directed search in a large labor market in which unemployed workers make multiple job applications. Speci…cally, we consider a matching process in which job seekers, observing the wages posted at all vacancies, send their applications to the vacancies that they …nd most attractive. At the same time, each vacancy, when it chooses its wage posti...

متن کامل

Pricing commodities

How should a seller price her goods in a market where each buyer prefers a single good among his desired goods, and will buy the cheapest such good, as long as it is within his budget? We provide efficient algorithms that compute near-optimal prices for this problem, focusing on a commodity market, where the range of buyer budgets is small. We also show that our LP rounding based technique easi...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Mathematical Economics

سال: 2009

ISSN: 0304-4068

DOI: 10.1016/j.jmateco.2008.07.004