Growth in economies with non convexities: Sunspots and lottery equilibria

Economic Theory

Volumn 24, Issue 3, 2004, Pages 701-726

  Rustichini, Aldo ^a   Siconolfi, Paolo ^b  

^a UNIVERSITY OF MINNESOTA   (United States)

^b Howard Hughes Medical Institute   (United States)

Author keywords

Lottery equilibria; Non convexities; Sunspot Equilibria

Indexed keywords

EID: 4644319868     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/s00199-004-0509-1     Document Type: Conference Paper

References (18)

1. Cass, D.: Sunspots and incomplete financial markets: the leading example. In: Feiwell, G. (ed.) The economics of imperfect competition and employment, Joan Robinson and beyond. London: Macmillan 1989
2. Cass, D., Polemarchakis, H.: Convexity and sunspots: a remark. Journal of Economic Theory 52, 433-439 (1990)
3. Cass, D., Shell, K.: Do sunspot matter? Journal of Political Economy 91, 193-227 (1983)
4. Garrat, R.: Decentralizing lottery allocations in markets with indivisible commodities. Economic Theory 5, 295-313 (1995)
5. Garrat, R., Keister, D., Qi, C., Shell, K.: Equilibrium prices when the sunspot variable is continuous. Journal of Economic Theory 107, 11-38 (2003)
6. Garratt, R., Keister, T. : A characterization of robust sunspot equilibria. Journal of Economic Theory 107, 136-144 (2002)
7. Goenka, A., Shell, K.: Robustness of sunspot equilibria. Economic Theory 10, 79-98 (1997)
8. Kehoe, T., Levine, D., Prescott, E.: Lotteries, sunspots and incentives constraints. Journal of Economic Theory 107, 39-69 (2001)
9. Lancaster, K.L.: A new approach to consumer theory. Journal of Political Economy 74(2), 132-157 (1966)
10. Prescott, E., Shell, K. (eds): Sunspot and lotteries. Journal of Economic Theory 107(1), 1-157 (2002)
11. Prescott, E., Townsend, R.: Pareto optima and competitive equilibria in an economy with adverse selection and moral hazard. Econometrica 52(1), 21-45 (1984)
12. Rustichini, A., Siconolfi, P.: Non-convexities in preferences over commodities and the Lancaster's model of characteristics. Mimeo (2003)
13. Rustichini, A., Siconolfi, P.: Growth with non-convex preferences. Mimeo (2002)
14. Rustichini, A., Siconolfi, P.: Large Economies with non-convex preferences. Mimeo (2002)
15. Rustichini, A., Siconolfi, P.: Growth in economies with non convexities: sunspots and lottery equilibria, theory and examples. Mimeo (2004)
16. Shell, K.: Sunspot equilibrium. In: Eatwell, J., Milgate, M., Newman, P. (eds.) The new palgrave: general equilibrium. New York London: W.W. Norton 1987
17. Shell, K., Wright, R.: Indivisibilities, lotteries and sunspot equilibria. Economic Theory 3, 1-17 (1993)
18. Valadier, M.: A course on young measures. Mimeo (1993)