Volume 15, No 5, 2008, P. 76-99
A. V. Sidorov
Equilibria in a multiperiod economy model with short-run planning
A multiperiod production economy model of Arrow–Debreu type is studied, which allows an additional possibility of consumer’s investment into the production sector and also allows credit operations between consumers on the base of a non-arbitrage interest rate. The main result is a proof of the equilibrium existence theorem in multiperiod model with myopic planning of consumption, production, and investment.
Keywords: Arrow–Debreu model, competitive equilibrium, interest rate, myopic behavior.
Sidorov Alexander Vasilievich 1
1. S. L. Sobolev Institute of Mathematics, SB RAS,
4 Acad. Koptyug Ave., 630090 Novosibirsk, Russia