Equilibrium storage with multiple capacities

Vol: 
11/2007
Author name: 
Nishimura K
Stachurski J
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.

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