In the incomplete markets model with numeraire asset and a single consumption good we show that even with homothetic preferences, on compact sets of prices continuity, Walras’ identity and homogeneity characterize the properties of market excess demand. This result is proved by an extension of [J. Econ. Theory 12 (1976) 197] to the case of incomplete markets
This paper presents a market equilibrium existence theorem that generalizes and unifies many well-kn...
We develop a method to find approximate solutions, and their accuracy, to consumption–investment pro...
The goal of this publication is to provide basic tools of differential topology to study systems of ...
In the incomplete markets model with numeraire asset and a single consumption good we show that even...
In the incomplete markets model with numeraire asset and a single con- sumption good we show that, e...
We prove that locally, Walras' law and homogeneity characterize the structure of market excess deman...
"The purpose of this paper is to give a global characterization of excess demand functions in a two ...
The purpose of this paper is to give a global characterization of excess demand functions in a two p...
We are interested in general equilibrium incomplete markets, where the number of consumers is N, the...
We consider a two-period exchange economy with a finite set of con-sumers, states of nature, indepen...
We show that even under incomplete markets, the equilibrium manifold identifies aggregate demand and...
We consider a two-period exchange economy with a finite set of consumers, states of nature, independ...
The paper studies the role and the formulation of the survival assumption with incomplete markets. W...
This paper is aimed at characterizing excess demand functions around noncritical spot price systems ...
We show that, even under incomplete markets, the equilibrium manifold identifies individual demands ...
This paper presents a market equilibrium existence theorem that generalizes and unifies many well-kn...
We develop a method to find approximate solutions, and their accuracy, to consumption–investment pro...
The goal of this publication is to provide basic tools of differential topology to study systems of ...
In the incomplete markets model with numeraire asset and a single consumption good we show that even...
In the incomplete markets model with numeraire asset and a single con- sumption good we show that, e...
We prove that locally, Walras' law and homogeneity characterize the structure of market excess deman...
"The purpose of this paper is to give a global characterization of excess demand functions in a two ...
The purpose of this paper is to give a global characterization of excess demand functions in a two p...
We are interested in general equilibrium incomplete markets, where the number of consumers is N, the...
We consider a two-period exchange economy with a finite set of con-sumers, states of nature, indepen...
We show that even under incomplete markets, the equilibrium manifold identifies aggregate demand and...
We consider a two-period exchange economy with a finite set of consumers, states of nature, independ...
The paper studies the role and the formulation of the survival assumption with incomplete markets. W...
This paper is aimed at characterizing excess demand functions around noncritical spot price systems ...
We show that, even under incomplete markets, the equilibrium manifold identifies individual demands ...
This paper presents a market equilibrium existence theorem that generalizes and unifies many well-kn...
We develop a method to find approximate solutions, and their accuracy, to consumption–investment pro...
The goal of this publication is to provide basic tools of differential topology to study systems of ...