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Théorie de l'équilibre général avec marchés financiers incomplets

Listed author(s):
  • Jean-Marc Tallon

[eng] General equilibrium with incomplete markets has been the object of interest in the last ten years. This paper assesses the latest develoments of that theory, through an exposi­tion of the main results in a pure exchange framework. [fre] La théorie de l'équilibre général avec marchés financiers incomplets a connu un essor remarquable durant les dix dernières années. Cet article se propose d'exposer la problématique et les enjeux d'une telle modélisation dans le cadre d'une économie d'échange.

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File URL: http://dx.doi.org/doi:10.3406/reco.1995.409731
Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

File URL: http://www.persee.fr/doc/reco_0035-2764_1995_num_46_5_409731
Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

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Article provided by Programme National Persée in its journal Revue économique.

Volume (Year): 46 (1995)
Issue (Month): 5 ()
Pages: 1207-1239

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Handle: RePEc:prs:reveco:reco_0035-2764_1995_num_46_5_409731
Note: DOI:10.3406/reco.1995.409731
Contact details of provider: Web page: http://www.persee.fr/collection/reco

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  8. Tallon, Jean-Marc, 1996. "On Multiple Equilibria and the Rational Expectations Hypothesis," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 113-124, January.
  9. Werner, Jan, 1990. "Structure of financial markets and real indeterminacy of equilibria," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 217-232.
  10. Portier, Franck & Tallon, Jean-Marc, 1995. "On the non-neutrality and optimality of monetary policy when financial markets are incomplete: a macroeconomic perspective," Ricerche Economiche, Elsevier, vol. 49(1), pages 33-49, March.
  11. Pietra, Tito, 1992. "The Structure of the Set of Sunspot Equilibria in Economies with Incomplete Financial Markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(3), pages 321-340, July.
  12. Geanakoplos, John, 1990. "An introduction to general equilibrium with incomplete asset markets," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 1-38.
  13. Gottardi, P., 1990. "On Stationary Monetary Equilibria In Overlapping Generations Models With Incomplete Markets," Papers 155, Cambridge - Risk, Information & Quantity Signals.
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  15. Cass, David, 1992. "Sunspots and Incomplete Financial Markets: The General Case," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(3), pages 341-358, July.
  16. Balasko, Yves & Cass, David & Siconolfi, Paolo, 1990. "The structure of financial equilibrium with exogenous yields : The case of restricted participation," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 195-216.
  17. Gottardi Piero, 1994. "On the Non-neutrality of Money with Incomplete Markets," Journal of Economic Theory, Elsevier, vol. 62(1), pages 209-220, February.
  18. Chae, Suchan, 1988. "Existence of competitive equilibrium with incomplete markets," Journal of Economic Theory, Elsevier, vol. 44(1), pages 179-188, February.
  19. Husseini, S. Y. & Lasry, J. -M. & Magill, M. J. P., 1990. "Existence of equilibrium with incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 39-67.
  20. Duffie, Darrell & Shafer, Wayne, 1985. "Equilibrium in incomplete markets: I : A basic model of generic existence," Journal of Mathematical Economics, Elsevier, vol. 14(3), pages 285-300, June.
  21. Cass, David & Green, Richard C & Spear, Stephen E, 1992. "Stationary Equilibria with Incomplete Markets and Overlapping Generations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(3), pages 495-512, August.
  22. W. Hildenbrand & H. Sonnenschein (ed.), 1991. "Handbook of Mathematical Economics," Handbook of Mathematical Economics, Elsevier, edition 1, volume 4, number 4.
  23. Joseph E. Stiglitz, 1982. "The Inefficiency of the Stock Market Equilibrium," Review of Economic Studies, Oxford University Press, vol. 49(2), pages 241-261.
  24. Magill, M. & Quinzii, M., 1992. "Real effects of money in general equilibrium," Journal of Mathematical Economics, Elsevier, vol. 21(4), pages 301-342.
  25. Suda, Shinichi & Tallon, Jean-Marc & Villanacci, Antonio, 1992. "Real Indeterminacy of Equilibria in a Sunspot Economy with Inside Money," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(3), pages 309-319, July.
  26. Cass, David & Shell, Karl, 1983. "Do Sunspots Matter?," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 193-227, April.
  27. Elena Mercato & Antonio Villanacci, 2006. "Taxes and money in incomplete financial markets," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 29(1), pages 23-54, May.
  28. Magill, Michael J. P. & Shafer, Wayne J., 1990. "Characterisation of generically complete real asset structures," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 167-194.
  29. Hart, Oliver D., 1975. "On the optimality of equilibrium when the market structure is incomplete," Journal of Economic Theory, Elsevier, vol. 11(3), pages 418-443, December.
  30. Werner, Jan, 1985. "Equilibrium in economies with incomplete financial markets," Journal of Economic Theory, Elsevier, vol. 36(1), pages 110-119, June.
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