As investors, it’s important for us to understand both accounting and economic concepts, like the equilibrium level of income -- it makes us better at choosing good companies that can go the distance.

This is a preview. Log in through your library . Abstract We investigate the effect of opening a forward or futures market on spot price or real exchange rate variability in a two-agent, two-good, two ...

In general rational expectations equilibrium (REE), as introduced in Radner (Econometrica 47:655-678, 1978) in an Arrow–Debreu–McKenzie setting with uncertainty, does not exist. Moreover, it fails to ...