Equilibrium Structure of Production Economies with Uncertainty: The Natural Projection Approach

Pascal Stiefenhofer

Discussion Papers from Department of Economics, University of York

Abstract: The paper generalizes the natural projection approach introduced by Balasko (1988) to production economies with uncertainty. It explores the equilibrium structure of the long run and short run private ownership production model. It is shown that qualitative equilibrium properties of the production model are those of the exchange model with production adjusted demand functions.

Keywords: Existence of Equilibrium; Equilibrium Structure; Uncertainty; Production. (search for similar items in EconPapers)
JEL-codes: D52 D53 D62 (search for similar items in EconPapers)
Date: 2011-04
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:yor:yorken:11/07

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