Multiplicity in general financial equilibrium with portfolio constraints

DOI10.1016/J.JET.2006.08.007zbMATH Open1152.91481OpenAlexW3122999637MaRDI QIDQ951002FDOQ951002

Authors Suleyman Basak, David Cass, Juan Manuel Licari, Anna Pavlova

Publication date 29 October 2008

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

Full work available at URL https://doi.org/10.1016/j.jet.2006.08.007

zbMATH Keywords

multiple equilibriaindeterminacyasset pricingportfolio constraintsgeneral financial equilibrium (GFE)

Mathematics Subject Classification ID

General equilibrium theory (91B50) Financial applications of other theories (91G80)

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Cites work

• scientific article; zbMATH DE number 4091139 (Why is no real title available?)
• Asset Prices in an Exchange Economy
• Endogenous restricted participation in general financial equilibrium
• Equilibrium in incomplete markets. I: A basic model of generic existence
• Generic inefficiency of stock market equilibrium when markets are incomplete
• Generic regularity of competitive equilibria with restricted participation
• On trees and logs
• Rational panics and stock market crashes.
• The structure of financial equilibrium with exogenous yields. The case of restricted participation

Cited in

(5)

• Multiple Constraints and Hicksian Complementarity: A Generalization and an Application to Portfolio Choice
• Introduction to monetary and macro economics
• Endogenous restricted participation in general financial equilibrium
• Rational asset pricing bubbles and portfolio constraints
• Towards a generalization of Dupire's equation for several assets

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