英文标题:
《Information inefficiency in a random linear economy model》
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作者:
Joao Pedro Jerico and Renato Vicente
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最新提交年份:
2016
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英文摘要:
  We study the effects of introducing information inefficiency in a model for a random linear economy with a representative consumer. This is done by considering statistical, instead of classical, economic general equilibria. Employing two different approaches we show that inefficiency increases the consumption set of a consumer but decreases her expected utility. In this scenario economic activity grows while welfare shrinks, that is the opposite of the behavior obtained by considering a rational consumer. 
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中文摘要:
我们研究了在具有代表性消费者的随机线性经济模型中引入信息无效率的影响。这是通过考虑统计而非经典的经济一般均衡来实现的。采用两种不同的方法,我们表明,低效率增加了消费者的消费集合,但降低了消费者的预期效用。在这种情况下,经济活动增长而福利收缩,这与理性消费者的行为相反。
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分类信息:
一级分类:Quantitative Finance        数量金融学
二级分类:General Finance        一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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一级分类:Physics        物理学
二级分类:Physics and Society        物理学与社会
分类描述:Structure, dynamics and collective behavior of societies and groups (human or otherwise). Quantitative analysis of social networks and other complex networks. Physics and engineering of infrastructure and systems of broad societal impact (e.g., energy grids, transportation networks).
社会和团体(人类或其他)的结构、动态和集体行为。社会网络和其他复杂网络的定量分析。具有广泛社会影响的基础设施和系统(如能源网、运输网络)的物理和工程。
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