Agents in this model begin each period with an endowment of food, the sole commodity. Their utility is a function of current consumption, which has to exceed a specified minimum to ensure survival, ...
Every time Christian Bale or Emily Watson or Sean Bean or Taye Diggs appears in the futuristic sci-fi fantasy Equilibrium, you wonder what any one of these great faces is doing in such a squalid ...
Green, Jerry R. "A Simple General Equilibrium Model of the Term Structure of Interest Rates." Harvard Institute of Economic Research Discussion Paper, No. 183, January 1971.