Titlebook: Allocation under Uncertainty: Equilibrium and Optimality; Jacques H. Drèze Book 1974 Palgrave Macmillan, a division of Macmillan Publisher

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利用

Two-Period Models of Consumption Decisions Under Uncertainty: a survey [8]. In the two-period model introduced by him the individual consumer has a preference ordering over present and future consumption, and is able to lend and borrow in a perfect capital market at a given rate of interest. Especially after its reconsideration by Hirshleifer [10] the model has become

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Optimum Accumulation Under Uncertainty: the Case of Stationary Returns to Investmentcontinuous-time models often have the advantage of providing simpler results. I shall illustrate this tension in the present paper by discussing the model for optimum growth under uncertainty that has received most attention in the literature (Phelps [6], Levhari and Srinivasan [4], Hahn [2], Hakans

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LUMEN

Stochastic Preferences and General Equilibrium Theorynot very new as may be seen from the literature. Nevertheless, it is not introduced in the current theory of general equilibrium. Indeed, one always supposes that people behave rationally (i.e. their preferences can be represented by a continuous utility function). In psychology such a model is not

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Temporary Competitive Equilibrium Under Uncertaintyket and to find how these equilibria are linked together’ (Grandmont [11]). This analysis has been advanced, in particular, by Hicks in his book Value and Capital [13] under the name, temporary equilibrium within a ‘week’. In this paper both terms are used synonymously.

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Jacket

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