Equilibrium storage with multiple capacities
Vol:
11/2007
Year:
2007
Month:
July
Abstract:
This paper studies a multisector model of commodity markets with storage, solving the representative agent problem and obtaining the corresponding decentralized equilibrium. We describe the dynamics of the model, establishing geometric ergodicity, a Law of Large Numbers and a Central Limit Theorem.
Publication file:
Updated: 4 December 2024/Responsible Officer: Crawford Engagement/Page Contact: CAMA admin