Self-fulfilling equilibria: An existence theorem for a general state space

DOI10.1016/0304-4068(95)00742-3zbMATH Open0868.90014OpenAlexW2026196484WikidataQ56936158 ScholiaQ56936158MaRDI QIDQ1817341FDOQ1817341

Andreu Mas-Colell, Paulo Monteiro

Publication date: 1 December 1996

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(95)00742-3

zbMATH Keywords

self-fulfilling spot price expectationstwo-period incomplete market economy

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cites Work

• On the optimality of equilibrium when the market structure is incomplete
• Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
• Economies with a Finite Set of Equilibria
• Title not available (Why is that?)
• Equilibrium without uniform conditions
• Equilibrium in economies with incomplete financial markets
• Title not available (Why is that?)
• On the finiteness of the number of critical equilibria, with an application to random selections
• Remarks on the game-theoretic analysis of a simple distribution of surplus problem

Cited In (14)

• Self-fulfilling mechanisms and rational expectations in large markets.
• Overlapping generations models with incomplete markets
• Default and exogenous collateral in incomplete markets with a continuum of states
• On multiple equilibria and the rational expectations hypothesis
• Equilibria in incomplete assets economies with infinite dimensional spot markets
• Existence of expectation equilibrium of real asset economies with transaction costs
• Two-period economies with price-contingent deliveries
• A new proof of the existence of equilibrium in incomplete market economies
• Incomplete security markets with infinitely many states: An introduction
• Rational expectations equilibria in sequence economies with symmetric information: The two-period case
• Making promises in infinite-horizon economies with default and collateral
• The existence of security market equilibrium with a non-atomic state space
• Discreteness of equilibria in incomplete markets with a continuum of states
• Sequential decisions under uncertainty and the maximum theorem

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