The existence of security market equilibrium with a non-atomic state space

DOI10.1016/0304-4068(95)00743-1MaRDI QIDQ1817342zbMATH OpenOpenAlexWikidataFDO

Authors Andreu Mas-Colell, William R. Zame

Publication date 18 August 1997

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

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/0304-4068(95)00743-1

zbMATH Keywords

backward recursion methodsfinite horizon economyincomplete marketsinfinite state spacenon-atomic continuum of states of natureRadner equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62)

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Cited in

(17)

• Equilibria in incomplete assets economies with infinite dimensional spot markets
• Overlapping generations models with incomplete markets
• Incomplete security markets with infinitely many states: An introduction
• Rational expectations equilibria in sequence economies with symmetric information: The two-period case
• A new proof of the existence of equilibrium in incomplete market economies
• Existence of expectation equilibrium of real asset economies with transaction costs
• Discreteness of equilibria in incomplete markets with a continuum of states
• Quasi-variational problems with non-self map on Banach spaces: existence and applications
• Two-period economies with price-contingent deliveries
• Making promises in infinite-horizon economies with default and collateral
• Sequential decisions under uncertainty and the maximum theorem
• Construction of a state space for interrelated securities with an application to temporary equilibrium theory
• Incomplete financial markets and jumps in asset prices
• Default and exogenous collateral in incomplete markets with a continuum of states
• Quasi-variational inequalities on product spaces and its applications to stochastic equilibrium problems
• An overlapping generations model with non-ordered preferences and numeraire-incomplete markets
• New conditions for the existence of Radner equilibrium with infinitely many states

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