Perturbed Utility and General Equilibrium Analysis
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DOI: 10.1016/j.jmateco.2017.09.006
Abstract: We study general equilibrium theory of complete markets in an otherwise standard economy with each household having an additive perturbed utility function. Since this function represents a type of stochastic choice theory, the equilibrium of… read more here.
Keywords: perturbed utility; equilibrium; utility general; general equilibrium ... See more keywords