An evolutionary model is presented for a multi-sector, multi-instrument financial equilibrium problem, with general utility function and including policy interventions in the form of taxes and price controls. We give the evolutionary financial equilibrium condition, prove an equivalent variational inequality formulation, from which an existence result follows.
Competitive Financial Equilibrium Problems with Policy Interventions
DANIELE, Patrizia;
2005-01-01
Abstract
An evolutionary model is presented for a multi-sector, multi-instrument financial equilibrium problem, with general utility function and including policy interventions in the form of taxes and price controls. We give the evolutionary financial equilibrium condition, prove an equivalent variational inequality formulation, from which an existence result follows.File in questo prodotto:
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