The structure of the set of critical equilibria with incomplete markets
Article Abstract:
The structure of the critical equilibria subset is fixed and has a zero value in the equilibrium set. This conclusion has been derived by evaluating a two-period economy wherein the second period has uncertainty. The aforementioned economy has been likewise characterized by different financial mechanisms and an individual commodity for each nature state. To pursue the claim of the set's structure, demand functions, together with qualitative characteristics, have been presupposed. The demand functions determined the diversified equilibrium set.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
A new proof of the index formula for incomplete markets
Article Abstract:
A new proof of the index formula in an economy with incomplete asset markets is presented.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
Mediation: incomplete information bargaining with filtered communication
Article Abstract:
The development of a mediation model is discussed.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The structure of the pseudo-equilibrium manifold in economies with incomplete markets. Hamilton approach to multi-dimensional screening
- Abstracts: A homotopy algorithm and an index theorem for the general equilibrium model with incomplete asset markets. Martingale densities for general asset prices
- Abstracts: The Italian recession of 1993: aggregate implications of microeconomic evidence. Unanticipated aggregate disturbances and tests of the life-cycle consumption model using panel data
- Abstracts: Estimation of moments and production decisions under uncertainty. Efficient estimation of the costs of rent controls: a comment
- Abstracts: Repeated games with M-period bounded memory (pure strategies). Pure strategy Markov equilibrium in stochastic games with a continuum of players