Robust nonexistence of equilibrium with incomplete markets

DOI10.1016/S0304-4068(03)00084-3MaRDI QIDQ707382zbMATH OpenOpenAlexFDO

Authors Lutz-Alexander Busch, Srihari Govindan

Publication date 9 February 2005

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

Full work available at URL https://doi.org/10.1016/s0304-4068(03)00084-3

zbMATH Keywords

Incomplete marketsGeneral equilibriumNonexistence

Mathematics Subject Classification ID

General equilibrium theory (91B50) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cites work

• scientific article; zbMATH DE number 192915 (Why is no real title available?)
• An introduction to general equilibrium with incomplete asset markets
• Characterisation of generically complete real asset structures
• Equilibrium in economies with incomplete financial markets
• Equilibrium in incomplete markets. I: A basic model of generic existence
• Existence of equilibria with incomplete markets: The case of smooth returns
• Incomplete markets: transverse financial structures
• Non-existence of equilibrium in an incomplete stock market economy
• On the generic existence of Radner equilibria when there are as many securities as states of nature
• On the optimality of equilibrium when the market structure is incomplete
• Options and equilibrium

Cited in

(15)

• Competitive equilibrium in Sobolev spaces without bounds on short sales
• Existence of Equilibria in Economies with Bads
• Existence of competitive equilibrium with incomplete markets
• Equilibria in incomplete assets economies with infinite dimensional spot markets
• Non-existence of equilibrium in an incomplete stock market economy
• The structure of the pseudo-equilibrium manifold in economies with incomplete markets
• Existence of equilibria with incomplete markets: The case of smooth returns
• The Existence of Equilibrium without Free Disposal in Economies with Transaction Costs and Incomplete Markets
• Financial markets with endogenous transaction costs
• Existence of equilibria in incomplete markets with non-ordered preferences
• Non-existence of competitive equilibria with dynamically inconsistent preferences
• Indeterminacy of Cournot-Walras equilibrium with incomplete markets
• Non-existence and inefficiency of equilibria with American options
• On financial equilibrium with intermediation costs
• Existence of competitive equilibria for option markets

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