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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Sunspot equilibria and the transfer paradox |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Economic Theory |
| Geographical Reach | international |
| Volume | 24 |
| Number | 3 |
| Page Range | 583 - 602 |
| Date | 2004 |
| Abstract Text | We show that for international economies with two countries, in which agents have additively separable utility functions, the existence of sunspot equilibria is equivalent to the occurrence of the transfer paradox. This equivalence enables us to provide some new insights on the relation of the existence of sunspot equilibria and the multiplicity of spot market equilibria. |
| Related URLs | |
| Digital Object Identifier | 10.1007/s00199-004-0521-5 |
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