Contractual Arrangements for Intertemporal Trade - Softcover

Prescott, Edward C.

Softcover

ISBN 10: 0816615349 ISBN 13: 9780816615346

Publisher: University of Minnesota Press, 1987

Synopsis

Contractual Arrangements for Intertemporal Trade was first published in 1987.The seven papers in this volume were presented at a conference at the University of Minnesota in 1984. They deal with various aspects of the specialness of intertemporal trade by studying environments in which such trade is more difficult to carry out than is trade in the standard general equilibrium model. Most of the papers impose difficulties in the form of private information or spatial separation linked with private information. The focus on intertemporal trade was motivated by observations related to such trade that seem anomalous from the point of view of the standard general equilibrium model: the semming incompleteness of risk-sharing markets, the existence of intermediaries, the occurrence of financial panics and run on banks, and the relatively heavy regulation of credit markets.Contributors: Edward J. Green, Charles J. Jacklin, Bruce D. Smith, Sudipto Bhattacharya, Kathleen Hagerty, Robert Townsend, Neil Wallace, Lawrence M. Benveniste, Edward C. Prescott, and John H. Boyd.

About this title

About the Author

Edward C. Prescott is the senior monetary advisor to the Federal Reserve Bank of Minneapolis and professor and W.P. Carey Chair in the department of economics at Arizona State University. Prescott served previously as a professor of economics at the University of Minnesota.

Edition details

• Publisher: University of Minnesota Press
• Publication date: 1987
• ISBN 10: 0816615349
• ISBN 13: 9780816615346
• Binding: Paperback
• Language: English
• Number of pages: 176