Existence of equilibria with infinitely many goods,incomplete markets and bankruptcy
AbstractWe prove the equilibrium existence of incomplete markets economies with an uncountable number of states without any special hypothesis on endowments by the introduction of bankruptcy.
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Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 9406001.
Length: 15 pages
Date of creation: 08 Jun 1994
Date of revision: 13 Jun 1994
Note: 15 pages.This is a revised version of a paper with the same title.
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Other versions of this item:
- A.Araujo & P.K.Monteiro & M. Pascoa, 1994. "Existence of equilibria with infinitely many goods, incomplete markets and bankruptcy," Working Papers _001, Instituto de Matematica Pura e Aplicada de Rio de Janeiro.
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D9 - Microeconomics - - Intertemporal Choice
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- Paulo Klinger Monteiro, 1994. "A concretization of Mas-Colell and Zame's counter-example," GE, Growth, Math methods 9406002, EconWPA, revised 20 Oct 1994.
- Hellwig, Martin, 1996. "Rational expectations equilibria in sequence economies with symmetric information: The two-period case," Journal of Mathematical Economics, Elsevier, vol. 26(1), pages 9-49.
- Pradeep Dubey & John Geanakoplos & Martin Shubik, 1988. "Default and Efficiency in a General Equilibrium Model with Incomplete Markets," Cowles Foundation Discussion Papers 879R, Cowles Foundation for Research in Economics, Yale University, revised Feb 1989.
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"Efficiency and the Role of Default When Security Markets Are Incomplete,"
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- Mas-Colell, Andreu & Monteiro, Paulo K., 1996. "Self-fulfilling equilibria: An existence theorem for a general state space," Journal of Mathematical Economics, Elsevier, vol. 26(1), pages 51-62.
- Mas-Colell, Andreu & Zame, William R., 1996. "The existence of security market equilibrium with a non-atomic state space," Journal of Mathematical Economics, Elsevier, vol. 26(1), pages 63-84.
- Monteiro, Paulo Klinger, 1996.
"A new proof of the existence of equilibrium in incomplete market economies,"
Journal of Mathematical Economics,
Elsevier, vol. 26(1), pages 85-101.
- Paulo Klinger Monteiro, 1994. "A New Proof Of The Existence Of Equilibrium In Incomplete Markets Economies," GE, Growth, Math methods 9410001, EconWPA.
- Duffie, Darrell, 1996. "Incomplete security markets with infinitely many states: An introduction," Journal of Mathematical Economics, Elsevier, vol. 26(1), pages 1-8.
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