STOCHASTIC CLEAN EXCHANGE PROBLEM AND ACTUALLY INFINITELY LOW PRICES
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STOCHASTIC CLEAN EXCHANGE PROBLEM AND ACTUALLY INFINITELY LOW PRICES
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Edition
Pages
68-82
Abstract
Stochastic dynamic ideal exchange model with incomplete markets is considered. It is shown that at the certain realizations of an equilibrium trajectory and at a certain moment a full depreciation of monetary savings (default) occurs.
Date of publication
01.04.2008
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0
Views
93
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References



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