Existence of competitive equilibrium with incomplete markets

DOI10.1016/0022-0531(88)90102-0MaRDI QIDQ1098749zbMATH OpenOpenAlexFDO

Authors Suchan Chae

Publication date 1988

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(88)90102-0

zbMATH Keywords

existence of competitive equilibriumincomplete futures markets

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Review text

The existence of competitive equilibrium is proved for a model with incomplete futures markets. The security returns in this model are denominated in terms of units which represent certain composite commodities specific to events.

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Cites work

• Competitive equilibrium with incomplete financial markets
• Equilibrium in economies with incomplete financial markets
• Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
• scientific article; zbMATH DE number 4091139 (Why is no real title available?)
• On the optimality of equilibrium when the market structure is incomplete
• Stochastic equilibria with incomplete financial markets

Cited in

(25)

• Equilibrium in economies with incomplete financial markets
• Equilibrium in incomplete markets. I: A basic model of generic existence
• Existence of competitive equilibria for option markets
• Competitive equilibrium of incomplete markets for securities with smooth payoffs
• The survival assumption and existence of competitive equilibria when asset markets are incomplete
• Financial innovation, precautionary saving and the risk-free rate
• Variational formulation of a general equilibrium model with incomplete financial markets and numeraire assets: existence
• On the existence of competitive equilibrium in frictionless and incomplete stochastic asset markets
• The existence of equilibrium in incomplete markets and the objective function of the firm
• Generic existence of competitive equilibria when the asset market is incomplete: A symmetric argument
• An existence theorem for the Scheinkman-Weiss economic model
• Indeterminacy of Cournot-Walras equilibrium with incomplete markets
• An alternative proof for the existence of Radner equilibria
• Existence of the general economic equilibrium with the incomplete market of means
• Competitive Equilibrium for Incomplete Market Structures
• scientific article; zbMATH DE number 43981 (Why is no real title available?)
• scientific article; zbMATH DE number 2011597 (Why is no real title available?)
• Existence of equilibria in incomplete markets with non-ordered preferences
• scientific article; zbMATH DE number 2119295 (Why is no real title available?)
• General economic equilibrium with financial markets and retainability
• Competitive Equilibria in Markets with a Continuum of Traders and Incomplete Preferences
• Non-existence of equilibrium in an incomplete stock market economy
• Sperner's lemma and competitive equilibrium with incomplete financial markets
• Perfectly competitive markets as the limits of Cournot markets
• Competitive equilibrium with incomplete financial markets

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