Economic theory defines and constrains admissible functional form and functional structure throughout the economy … are derived directly from economic theory. Theoretically implied constraints on the properties of equilibrium stochastic …, as well as to aggregation over economic agents and goods in economic theory. In addition, his work in those areas has …

study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets …, including the study of dynamic general equilibrium, the concept of sunspot equilibria, and general equilibrium theory when …