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Équilibre général, coordination et multiplicité sur les marchés au comptant

Author

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  • Roger Guesnerie

Abstract

This text reviews recent work on expectational coordination in general equilibrium models of the Walrasian tradition. It evokes briefly the multiplicity questions associated with infinite horizon models and the problems associated with "eductive learning". It examines in a more systematic way the coordination difficulties arising in finite horizon models from spot multiplicity and the relationship between coordination and incompleteness. Classification JEL: D5, E3

Suggested Citation

  • Roger Guesnerie, 2002. "Équilibre général, coordination et multiplicité sur les marchés au comptant," Revue d'économie politique, Dalloz, vol. 112(5), pages 671-692.
    • Handle: RePEc:cai:repdal:redp_125_0671
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    Keywords

    general equilibrium models; coordination; multiplicity;
    All these keywords.

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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