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Generic Existence of Competitive Equilibria when the Asset Market is Incomplete : A Symmetric Argument

Author

Listed:
  • POLEMARCHAKIS, Heracles

    (CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium)

  • SICONOLFI, Paolo

    (Graduate School of Business, Columbia University)

Abstract

The argument for the generic existence of competitive equilibria when the asset market is incomplete can be formulated with symmetric treatment of all individuals.

Suggested Citation

  • POLEMARCHAKIS, Heracles & SICONOLFI, Paolo, 1993. "Generic Existence of Competitive Equilibria when the Asset Market is Incomplete : A Symmetric Argument," LIDAM Discussion Papers CORE 1993055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:1993055
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp1993.html
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    Cited by:

    1. TIRELLI, Mario, 2000. "Constrained suboptimality and financial innovation in GEI with a single commodity," LIDAM Discussion Papers CORE 2000019, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Polemarchakis, H. M. & Siconolfi, P., 1997. "Generic existence of competitive equilibria with restricted participation," Journal of Mathematical Economics, Elsevier, vol. 28(3), pages 289-311, October.
    3. Florig, Michael & Meddeb, Moncef, 2007. "Slack in incomplete markets with nominal assets: A symmetric proof," Journal of Mathematical Economics, Elsevier, vol. 43(5), pages 640-655, June.
    4. Faias Marta & Luque Jaime, 2018. "Cross-listed Securities and Multiple Exchange Memberships: Demand Differentiability and Equilibrium Existence," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 18(1), pages 1-12, January.

    More about this item

    Keywords

    existence of competitive equilibria; incomplete asset market;

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets

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