Notes on the suboptimality result of j. d. geanakoplos and h. m. polemarchakis (1986) Report as inadecuate




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Estudios Económicos 2007, 22 (1)

Author: Antonio Jimenez-Martinez

Source: http://www.redalyc.org/


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Estudios Económicos ISSN: 0188-6916 jsempe@colmex.mx El Colegio de México, A.C. México Jimenez-Martinez, Antonio Notes on the suboptimality result of J.
D.
geanakoplos and H.
M.
polemarchakis (1986) Estudios Económicos, vol.
22, núm.
1, enero-junio, 2007, pp.
111-136 El Colegio de México, A.C. Distrito Federal, México Available in: http:--www.redalyc.org-articulo.oa?id=59722105 How to cite Complete issue More information about this article Journals homepage in redalyc.org Scientific Information System Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Non-profit academic project, developed under the open access initiative N O T E S O N T H E S U B O P T IM A L IT Y R E S U L T O F J .
D . G E A N A K O P L O S A N D H .
M .
P O L E M A R C H A K IS (1 9 8 6 ) ¤ A n to n io J im e n e z -M a r tin e z U n iversid a d d e G u a n a ju a to R esu m en : J .
D .
G ea n a k o p lo s a n d H .
M .
P o lem a rch a k is (1 9 8 6 ) d em u estra n la su b o p tim a lid a d restrin g id a d e a sig n a cio n es d e eq u ilib rio en eco n o m ¶³a s d e d o s p erio d o s co n m erca d o s in co m p leto s.
E llo s p ertu rb a n p recio s d e a ctiv o s d e eq u ilib rio cu a n d o lo s m erca d o s so n in co m p leto s d e g ra d o u n o .
D a d o q u e lo s p recio s n o p a ra m etriza n la eco n o m ¶³a , n o se p u ed e o b ten er u n resu lta d o g en ¶e rico d e d ich a fo rm a .
E sta s n o ta s o frecen u n a v ersi¶o n d eta lla d a d e su d em o stra ci¶o n en la q u e p ertu rb a m o s u tilid a d es y d o ta cio n es. A bstra ct: J .
D .
G ea n a k o p lo s a n d H .
M .
P o lem a rch a k is (1 9 8 6 ) p ro v e th e g en eric co n stra in ed su b o p tim a lity o f eq u ilib riu m a llo ca tio n s in tw o p erio d eco n o m ies w ith in co m p lete m a rk ets.
T h ey p ertu rb a sset p rices a t eq u ilib riu m w h en th e d eg ree o f m a rk et in co m p leten ess eq u a ls o n e.
S in ce p rices d o n o t ...





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