An extension of Mantel (1976) to incomplete markets
نویسندگان
چکیده
منابع مشابه
An Extension of Mantel (1976) to Incomplete Markets
In the incomplete markets model with numeraire asset and a single consumption good we show that, even with homothetic preferences, on compact sets of prices Continuity, Walras’ identity and Homogeneity characterize the properties of market excess demand. This result is proved by an extension of Mantel (1976) to the case of incomplete markets. Journal of Economic Literature Class. No. : D 52, C ...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 2001
ISSN: 0304-4068
DOI: 10.1016/s0304-4068(01)00071-4