In this paper we consider the individual’s agent behaviour , when the agents live in a stochastic-two-country model with a consumption good in each country and we use stochastic optimization with martingale property to solve the relative maximization problem. The presence of second good modifies significantly the classical situation with one good only, since we are in the case of two open economies.
Agent's Behaviour In A Stochastic Two-Country-Economy
Vincenzo Costa
2006-01-01
Abstract
In this paper we consider the individual’s agent behaviour , when the agents live in a stochastic-two-country model with a consumption good in each country and we use stochastic optimization with martingale property to solve the relative maximization problem. The presence of second good modifies significantly the classical situation with one good only, since we are in the case of two open economies.File in questo prodotto:
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