equilibrium structure of exchange economies to a two period private ownership production model with uncertainty. It shows that … long run equilibrium properties of the production model are those of the pure exchange economy with production adjusted …

uncertainty. It explores the equilibrium structure of the long run and short run private ownership production model. It is shown …The paper generalizes the natural projection approach introduced by Balasko (1988) to production economies with … that qualitative equilibrium properties of the production model are those of the exchange model with production adjusted …

Short and long run production is introduced in a two period general equilibrium model with incomplete markets, where … sequential structure of the model is such that, firms issue shares in the short run in order to build up long run production … capacity. Long run production takes place in the second period subject to long run technological feasibility and installed …

This paper considers the financing of production in a two period general equilibrium model with incomplete markets …. This requires a model where the efficient boundary of the production set available to a producer in period two in every … endogenized production sets. …

. Hedging strategies are robust with respect to uncertainty in the sense that their tracking errors satisfy a supermartingale …