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Discreteness of equilibria in incomplete markets with a continuum of states

Author

Listed:
  • KLINGER MONTEIRO, Paulo

    (Center for Operations Research and Econometrics (CORE), Université catholique de Louvain (UCL), Louvain la Neuve, Belgium and IMPA, Rio de Janeiro, Brazil)

  • PASCOA, Mario R.

    (Departamento de Economia, Universidade Nova de Lisboa)

Abstract

We discuss the issue, raised by Mas-Colell (1991) whether the local uniqueness (relative to the L∞ topology) may be a generic property of equilibria in incomplete markets economies with a continuum of states.

Suggested Citation

  • KLINGER MONTEIRO, Paulo & PASCOA, Mario R., 1997. "Discreteness of equilibria in incomplete markets with a continuum of states," LIDAM Discussion Papers CORE 1997043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:1997043
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    Cited by:

    1. is not listed on IDEAS
    2. Bernard Cornet & Abhishek Ranjan, 2013. "Equilibria in a multi-period economy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00801402, HAL.
    3. Laura Angeloni & Bernard Cornet, 2005. "Existence Of Financial Equilibria In A Multiperiod Stochastic Economy," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200506, University of Kansas, Department of Economics, revised Feb 2005.

    More about this item

    JEL classification:

    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets

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