Generic non-existence of equilibria in finance models

DOI10.1016/0304-4068(91)90005-EMaRDI QIDQ810351zbMATH OpenOpenAlexFDO

Authors Aloisio Araujo, Paulo Monteiro

Publication date 1991

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

Full work available at URL https://doi.org/10.1016/0304-4068(91)90005-e

zbMATH Keywords

commodities as being stochastic processesfinancial modelsWalrasian equilibria

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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Cites work

• An intertemporal asset pricing model with stochastic consumption and investment opportunities
• An Intertemporal General Equilibrium Asset Pricing Model: The Case of Diffusion Information
• An Intertemporal General Equilibrium Model of Asset Prices
• Edgeworth Equilibria
• Equilibrium without uniform conditions
• scientific article; zbMATH DE number 3730702 (Why is no real title available?)
• scientific article; zbMATH DE number 3504682 (Why is no real title available?)
• scientific article; zbMATH DE number 3525695 (Why is no real title available?)
• Stochastic Equilibria: Existence, Spanning Number, and the `No Expected Financial Gain from Trade' Hypothesis
• The Consumption-Based Capital Asset Pricing Model
• The Price Equilibrium Existence Problem in Topological Vector Lattices

Cited in

(7)

• Inada's condition implies equilibrium existence is rare
• Separable utility functions
• A new proof of the existence of equilibrium in incomplete market economies
• Arbitrage pricing in non-Walrasian financial markets
• Existence of pseudo-equilibria in a financial economy
• Equilibria without the survival assumption
• Prevalence

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