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Journal articles
Symmetric Smooth Consumption Externalities
Abstract : Based on Arrow's model of a pure exchange economy with smooth consumption externalities, this paper studies how the internalization of external effects through a network of markets between agents introduces symmetry breakings in the set of equilibria. It shows indeed how identical agents can be treated asymmetrically by complete markets.
Keywords :
Symmetric Smooth
Consumption
https://hal-sciencespo.archives-ouvertes.fr/hal-03598166
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Submitted on : Friday, March 4, 2022 - 4:37:52 PM
Last modification on : Friday, March 25, 2022 - 3:57:54 AM
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Friday, March 4, 2022 - 4:37:52 PM
Last modification on : Friday, March 25, 2022 - 3:57:54 AM
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