𝔖 Bobbio Scriptorium
✦   LIBER   ✦

UNCERTAINTY AND MARKET EQUILIBRIUM

✍ Scribed by Karl Borch


Book ID
111043959
Publisher
John Wiley and Sons
Year
1961
Tongue
English
Weight
766 KB
Volume
13
Category
Article
ISSN
0026-1386

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πŸ“œ SIMILAR VOLUMES


Futures market equilibrium under Knighti
✍ Donald Lien; Yaqin Wang πŸ“‚ Article πŸ“… 2003 πŸ› John Wiley and Sons 🌐 English βš– 122 KB

## Abstract This paper examines the effects of Knightian uncertainty on a commodity futures market within the Newbery‐Stiglitz framework. It is shown that Knightian traders act more conservatively. In a partial trade equilibrium, risk aversion and Knightian uncertainty have qualitatively similar ef