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Competitive Equilibria under Uncertainty

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  • Bernt P. Stigum

Abstract

I. Introduction, 533. — II. The Arrow-Debreu models of consumer and entrepreneurial choice under uncertainty, 534. — III. Consumer choice under uncertainty, 538. — IV. Entrepreneurial choice under uncertainty, 543. — V. The existence of a competitive equilibrium under uncertainty, 547. — VI. Concluding remarks, 553. — Appendix, 556.

Suggested Citation

  • Bernt P. Stigum, 1969. "Competitive Equilibria under Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(4), pages 533-561.
    • Handle: RePEc:oup:qjecon:v:83:y:1969:i:4:p:533-561.
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    File URL: http://hdl.handle.net/10.2307/1885449
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    Citations

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    Cited by:

    1. Colin Aislabie, 1972. "The Economic Efficiency of Information Producing Activities," The Economic Record, The Economic Society of Australia, vol. 48(4), pages 575-583, December.
    2. Jean-Michel Grandmont, 1976. "Théorie de l'équilibre temporaire général," Revue Économique, Programme National Persée, vol. 27(5), pages 805-843.
    3. Ichiishi, Tatsuro, 1985. "Management versus ownership, II," European Economic Review, Elsevier, vol. 27(2), pages 115-138, March.
    4. Zoran Popovic & Marko Backovic, 2017. "Sequential Model of Economic System and Constrained Pareto Optimality," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(1), pages 141-158.
    5. repec:mje:mjejnl:v:12:y:2017:i:1:p:141-158 is not listed on IDEAS
    6. Bernt P. Stigum, 2000. "Rationality in Econometrics," Econometric Society World Congress 2000 Contributed Papers 0747, Econometric Society.
    7. Bernt P. Stigum, 2021. "Consumer Choice under Certainty and Uncertainty in Applied Econometrics," EERI Research Paper Series EERI RP 2021/08, Economics and Econometrics Research Institute (EERI), Brussels.
    8. Raad, R., 2012. "Existence of an equilibrium for infinite horizon economies with and without complete information," Journal of Mathematical Economics, Elsevier, vol. 48(4), pages 247-262.

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