Existence of equilibrium and price adjustments in a finance economy with incomplete markets
Article Abstract:
The two-period equilibrium model of incomplete markets to prove the existence of equilibrium in the financial economy is presented. A method for new price adjustments is proposed.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2006
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Individual excess demands
Article Abstract:
The one-customer model is analyzed for excess demand function to express a relation between utility functions. A proof is derived for Sonnenschein- Mantel--Debreu theorem.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2004
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