Excess demand functions with incomplete markets—a global result.
The purpose of this paper is to give a global characterization of excess demand functions in a two-period exchange economy with incomplete real asset markets. We show that continuity, homogeneity and Walras' law characterize the aggregate excess demand functions on any compact price set which mainta...
| Publicado en: | Journal of Economic Theory Vol. 111; no. 2; pp. 240 - 251 |
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| Formato: | Artículo |
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Academic Press Inc.
August 2003
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| Acceso en línea: | Ver este registro en EBSCOhost |