Discreteness of equilibria in incomplete markets with a continuum of states

Authors
Monteiro, PK Pascoa, MR
Citation
Pk. Monteiro et Mr. Pascoa, Discreteness of equilibria in incomplete markets with a continuum of states, J MATH ECON, 33(2), 2000, pp. 229-237
Citations number
12
Categorie Soggetti
Economics
Journal title
JOURNAL OF MATHEMATICAL ECONOMICS
ISSN journal
03044068 → ACNP
Volume
33
Issue
2
Year of publication
2000
Pages
229 - 237
Database
ISI
SICI code
0304-4068(200003)33:2<229:DOEIIM>2.0.ZU;2-N
Abstract
We discuss the issue, raised by Mas-Colell [Mas-Colell, 1991. Indeterminacy in incomplete markets economies. Economic Theory 1 (1), 45-61] whether loc al uniqueness (relative to the L-infinity topology) may be a generic proper ty of equilibria in incomplete markets economies with a continuum of states . (C) 2000 Elsevier Science S.A. All rights reserved. JEL classification: D52.