Do sunspots matter when spot market equilibria are unique?

Econometrica

Volumn 68, Issue 2, 2000, Pages 435-441

  Hens, Thorsten ^a  

^a UNIVERSITY OF ZURICH   (Switzerland)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0008805887     PISSN: 00129682     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0262.00117     Document Type: Article

References (7)

1. CASS, D. (1989): "Sunspots and Incomplete Financial Markets: The Leading Example," in The Economics of Imperfect Competition and Employment: Joan Robinson and Beyond, ed. by G. Feiwel. London: MacMillan.
2. GOTTARDI, P., AND A. KAJII (1999): "The Structure of Sunspot Equilibria: The Role of Multiplicity," Review of Economic Studies, 66, 713-732.
3. GUESNERIE, R., AND J. J. LAFFONT (1988): "Notes on Sunspot Equilibria in Finite Economics, in Volume en l'Honneur d'Edmont Malinvaud, Economica-EHESS. Cambridge, MA: MIT Press (English version), pp. 118-143.
4. HENS, Tu. (1991): "Sunspot Equilibria in Finite Horizon Models with Incomplete Markets," SFB 303 Discussion Paper No. A-354, University of Bonn.
5. HENS, Tu., AND A. LÖFFLER (1995): "Gross Substitution in Financial Markets," Economics Letters, 49, 39-43.
6. MAS-COLELL, A. (1992): "Three Observations on Sunspots and Asset Redundancy," in Economic Analysis of Markets and Games: Essays in Honor to Frank Hahn, ed. by P. Dasgupta, D. Gale, O. Hart, and F. Maskin. Cambridge, MA: MIT Press.
7. MILNE, F. (1979): "Consumer Preferences, Linear Demand Functions and Aggregation in Competitive Asset Markets," Review of Economic Studies, 46, 407-417.