GENERIC EXISTENCE OF COMPETITIVE EQUILIBRIA WHEN THE ASSET MARKET IS INCOMPLETE - A SYMMETRICAL ARGUMENT

Authors
POLEMARCHAKIS HM SICONOLFI P
Citation
Hm. Polemarchakis et P. Siconolfi, GENERIC EXISTENCE OF COMPETITIVE EQUILIBRIA WHEN THE ASSET MARKET IS INCOMPLETE - A SYMMETRICAL ARGUMENT, Economic theory, 6(3), 1995, pp. 495-510
Citations number
11
Categorie Soggetti
Economics
Journal title
Economic theory → ACNP
ISSN journal
09382259
Volume
6
Issue
3
Year of publication
1995
Pages
495 - 510
Database
ISI
SICI code
0938-2259(1995)6:3<495:GEOCEW>2.0.ZU;2-H
Abstract
The argument for the generic existence of competitive equilibria when the asset market is incomplete can be formulated with symmetric treatm ent of all individuals. The argument extends to a large economy.