Titlebook: Introduction into Capital Theory; A Neo-Austrian Persp Gunter Stephan Book 1995 Springer-Verlag Berlin Heidelberg 1995 Capital Theory.Compu

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Incomplete Markets: a Neo-Austrian Theory of Computable General Equilibrium Modelsess on the one hand, and intra-temporal completeness on the other hand (see Section 2.3). The first assumption requires a complete set of perfectly organized forward markets for all goods and periods, whereas the second one implies that in each period well-organized (spot-) markets exist for any goo

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Incomplete Markets and Computable Equilibria: a Numerical IllustrationIn the last chapter, intra-incompleteness of a market system was incorporated into a computable general equilibrium model. Starting point of the considerations was the assumption that only a part of the goods which are essential in production can be marketed. The rest are non-tradable commodities by nature.

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978-3-642-08216-0Springer-Verlag Berlin Heidelberg 1995

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Matrimony

Prices in an Open-Ended Worldramework of Chapter 5 we will focus upon the price characterization of intertemporal allocations. In particular, we will analyze the relationship between prices and rates of interest on the one hand as well as the accumulation of capital and intertemporal efficiency on the other hand.

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The Open-Endedness of Time and Efficiency Prices: Sufficient and Necessary Conditionsfinition competitive and present value maximizing prices, falls apart into two independent price notions: the concept of MALINVAUD prices on the one hand, and the concept of present value prices on the other.