Existence of equilibria with infinitely many goods,incomplete markets and bankruptcy
We 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.
|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.|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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- 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.
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