A new proof of the index formula for incomplete markets

DOI10.1016/J.JMATECO.2006.04.002MaRDI QIDQ855325zbMATH OpenOpenAlexFDO

Authors Arkadi Predtetchinski

Publication date 7 December 2006

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

Full work available at URL https://doi.org/10.1016/j.jmateco.2006.04.002

zbMATH Keywords

homotopyincomplete marketsindex formula

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Applications of operator theory in optimization, convex analysis, mathematical programming, economics (47N10) General equilibrium theory (91B50) Degree theory for nonlinear operators (47H11) Degree, winding number (55M25)

Recommendations

• The index theorem for a GEI economy when the degree of incompleteness is even.
• Failure of the index theorem in an incomplete market economy
• A homotopy algorithm and an index theorem for the general equilibrium model with incomplete asset markets
• A note on incomplete markets
• On the orientability of the asset equilibrium manifold

Cites work

• scientific article; zbMATH DE number 4102053 (Why is no real title available?)
• scientific article; zbMATH DE number 3371258 (Why is no real title available?)
• Computing Equilibria when Asset Markets are Incomplete
• Computing equilibria of GEI by relocalization on a Grassmann manifold
• Differential Topology
• Equilibrium in incomplete markets. I: A basic model of generic existence
• Genericity analysis on the pseudo-equilibrium manifold
• Nonlinear optimization in finite dimensions. Morse theory, Chebyshev approximation, transversality, flows, parametric aspects
• The index theorem for a GEI economy when the degree of incompleteness is even.
• Two Remarks on the Number of Equilibria of an Economy

Cited in

(4)

• Failure of the index theorem in an incomplete market economy
• On the orientability of the asset equilibrium manifold
• A note on the weak sequential core of dynamic TU games
• An extension of a theorem by Mitjushin and Polterovich to incomplete markets

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