A new approach to the existence and regularity of linear equilibrium in a noisy rational expectations economy
文献类型：期刊论文
| 作者 | Lou, Youcheng; Wang, Shouyang |
| 刊名 | JOURNAL OF MATHEMATICAL ECONOMICS
 |
| 出版日期 | 2020-10-01 |
| 卷号 | 90页码:119-126 |
| 关键词 | Existence and regularity Rational expectations equilibrium A new approach |
| ISSN号 | 0304-4068 |
| DOI | 10.1016/j.jmateco.2020.07.003 |
| 英文摘要 | This paper gives a new approach to show the existence and regularity of linear equilibrium established by Lou (R) al. (2019) for a noisy rational expectations economy. Different from the existing method which essentially requires to find a fixed point of a system of nonlinear algebraic equations, the new approach is operated directly on an alternative form of market-clearing conditions. One main advantage of the new approach is that besides homogeneous-valuation economies, it can also handle the existence of equilibrium in economies with heterogeneous valuations where the existing method for dealing with homogeneous-valuation economies fails to work. (c) 2020 Elsevier B.V. All rights reserved. |
| 资助项目 | National Natural Science Foundation of China[71971208] |
| WOS研究方向 | Business & Economics ; Mathematics ; Mathematical Methods In Social Sciences |
| 语种 | 英语 |
| WOS记录号 | WOS:000571474500014 |
| 出版者 | ELSEVIER SCIENCE SA |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/52235]  |
| 专题 | 中国科学院数学与系统科学研究院 |
| 通讯作者 | Lou, Youcheng |
| 作者单位 | Chinese Acad Sci, Acad Math & Syst Sci, MDIS, Beijing, Peoples R China |
| 推荐引用方式 GB/T 7714 | Lou, Youcheng,Wang, Shouyang. A new approach to the existence and regularity of linear equilibrium in a noisy rational expectations economy[J]. JOURNAL OF MATHEMATICAL ECONOMICS,2020,90:119-126. |
| APA | Lou, Youcheng,&Wang, Shouyang.(2020).A new approach to the existence and regularity of linear equilibrium in a noisy rational expectations economy.JOURNAL OF MATHEMATICAL ECONOMICS,90,119-126. |
| MLA | Lou, Youcheng,et al."A new approach to the existence and regularity of linear equilibrium in a noisy rational expectations economy".JOURNAL OF MATHEMATICAL ECONOMICS 90(2020):119-126. |
入库方式： OAI收割
来源：数学与系统科学研究院
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