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.

Europe, Science & research, Prices, Research, Equilibrium (Economics)

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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.

Analysis, Utility theory, Utility functions, Demand functions (Economics), Demand functions

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• Abstracts: Testable implications of general equilibrium theory: a differential approach. Equilibrium behaviour in markets and games: testable restrictions and identification

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