Abstracts - faqs.org

Abstracts

Mathematics

Search abstracts:
Abstracts » Mathematics

Asset equilibria in Lp spaces with complete markets: a duality approach

Article Abstract:

The existence, uniqueness and determinacy problems of Arrow-Debreu equilibrium in Lp spaces are analyzed. The case of agents having Von Neuman-Morgenstern utilities is considered. The set of utility weights supporting Pareto optima is used to simplify proof of the existence of an equilibrium in Lp+ and additively separable utilities. The utility set is shown to be closed.

Author: Dana, R.A., Van, C. Le
Publisher: Elsevier B.V.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1996
Equilibrium (Economics)

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Is intertemporial choice theory testable?

Article Abstract:

A study proves that the utility maximization do not have any effect on house hold savings decisions and choices of products in market. The study also presents a testing on individual demand data for consistency with maximum utility functions.

Author: Kubler, Felix
Publisher: Elsevier B.V.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2004
Science & research, Research, Consumption (Economics), Savings

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA



Subjects list: Analysis, Utility theory, Utility functions
Similar abstracts:
  • Abstracts: Discreteness of equilibria in incomplete markets with a continuum of states. The set of equilibria of first-price auctions
  • Abstracts: The structure of the pseudo-equilibrium manifold in economies with incomplete markets. Hamilton approach to multi-dimensional screening
  • Abstracts: Game contingent claims in complete and incomplete markets. A strategic market game with limit prices. Convergence to competitive equilibria and elimination of no-trade (in a strategic market game with limit prices)
  • Abstracts: Testable implications of general equilibrium theory: a differential approach. Equilibrium behaviour in markets and games: testable restrictions and identification
  • Abstracts: Testable implications of general equilibrium theory: a differential approach. part 2 Individual excess demands
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2025 Advameg, Inc.