Excess demand functions and incomplete markets.

The writers characterize excess demand functions around noncritical spot price systems in two-period exchange economies with incomplete markets and real assets. They explore whether continuous dependence on the budget set and budget feasibility are the only properties that can be expected from an e...

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Detalles Bibliográficos
Publicado en:Journal of Economic Theory Vol. 68; pp. 49 - 64
Autores principales: Bottazzi, Jean-Marc, Hens, Thorsten
Formato: Artículo
Publicado: Academic Press Inc. January 1996
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Acceso en línea:Ver este registro en EBSCOhost