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On Dynkin's model of economic equilibrium under uncertainty

Author

Listed:
  • Igor Evstigneev

    (School of Economic Studies, University of Manchester)

  • Guillaume Carlier

    (Department of Applied Mathematics, University of Bordeaux 1)

Abstract

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.

Suggested Citation

  • Igor Evstigneev & Guillaume Carlier, 2001. "On Dynkin's model of economic equilibrium under uncertainty," Economics Bulletin, AccessEcon, vol. 3(12), pages 1-8.
    • Handle: RePEc:ebl:ecbull:eb-01c00001
    as

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    References listed on IDEAS

    as
    1. Polterovich, Victor, 1973. "Экономическое Равновесие И Оптимум [Economic Equilibrium and the Optimum]," MPRA Paper 22359, University Library of Munich, Germany.
    2. Polterovich, V M, 1983. "Equilibrium Trajectories of Economic Growth," Econometrica, Econometric Society, vol. 51(3), pages 693-729, May.
    3. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium

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