Add to ORKGIn the incomplete markets model with numeraire asset and a single con- sumption 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 Mantel (1976) to the case of incomplete markets.structure of excess demand, incomplete markets
This paper demonstrates the generic existence of general equilibria in incomplete markets. Our econo...
Given exogenously the price process of some assets, we constrain the price process of other assets, ...
The paper extends to asymmetric information Geanakoplos-Polemarchakis' (1986) existence theorem for ...
In the incomplete markets model with numeraire asset and a single consumption good we show that even...
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 ...
We are interested in general equilibrium incomplete markets, where the number of consumers is N, the...
The purpose of this paper is to give a global characterization of excess demand functions in a two p...
This paper is aimed at characterizing excess demand functions around noncritical spot price systems ...
We consider a two-period exchange economy with a finite set of con-sumers, states of nature, indepen...
This paper argues that the introduction of a short-sale constraint in the Arrow-Radner frameworkinva...
This paper provides a price equilibrium existence theorem in economies where commodities may be ind...
The goal of this publication is to provide basic tools of differential topology to study systems of ...
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 demonstrates the generic existence of general equilibria in incomplete markets. Our econo...
Given exogenously the price process of some assets, we constrain the price process of other assets, ...
The paper extends to asymmetric information Geanakoplos-Polemarchakis' (1986) existence theorem for ...
In the incomplete markets model with numeraire asset and a single consumption good we show that even...
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 ...
We are interested in general equilibrium incomplete markets, where the number of consumers is N, the...
The purpose of this paper is to give a global characterization of excess demand functions in a two p...
This paper is aimed at characterizing excess demand functions around noncritical spot price systems ...
We consider a two-period exchange economy with a finite set of con-sumers, states of nature, indepen...
This paper argues that the introduction of a short-sale constraint in the Arrow-Radner frameworkinva...
This paper provides a price equilibrium existence theorem in economies where commodities may be ind...
The goal of this publication is to provide basic tools of differential topology to study systems of ...
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 demonstrates the generic existence of general equilibria in incomplete markets. Our econo...
Given exogenously the price process of some assets, we constrain the price process of other assets, ...
The paper extends to asymmetric information Geanakoplos-Polemarchakis' (1986) existence theorem for ...