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On Dynkin's model of economic equilibrium under uncertainty

Carlier, Guillaume; Evstigneev, Igor (2001), On Dynkin's model of economic equilibrium under uncertainty, Economics Bulletin, 3, 12, p. 1-8

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Type
Article accepté pour publication ou publié
Date
2001
Journal name
Economics Bulletin
Volume
3
Number
12
Publisher
Vanderbilt University
Pages
1-8
Metadata
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Author(s)
Carlier, Guillaume
Evstigneev, Igor
Abstract (EN)
The article analyzes the Dynkin (1975) stochastic model of economic equilibrium. We solve a question regarding this model that was open for a long time. We provide arguments yielding a complete proof of Dynkin's existence theorem for equilibrium paths.
Subjects / Keywords
Dynkin stochastic model
JEL
D5 - General Equilibrium and Disequilibrium
C0 - General