Download or read book Equilibria in Incomplete Assets Economies with Infinite Dimensional Spot Markets written by Charalambos D. Aliprantis and published by . This book was released on 2004 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper studies the two period incomplete markets model where assets are claims on state contingent commodity bundles and there are no bounds on portfolio trading. The important results on the existence of equilibrium in this model assume that there is a infnite number of commodities traded in each spot market and that preferences are given by smooth utility functions. With these assumptions an equilibrium exists outside an exceptional set of assets structures and initial endowments. The present paper extends these results by allowing for general infinite dimensional commodity spaces in each spot market. These include all the important commodity spaces studied in the literature on the existence of Walrasian equilibrium - in each spot market the consumption sets are the positive cone of an arbitrary locally solid Riesz space or of an ordered topological vector space with order unit or of a locally solid Riesz space with quasi-interior point.

Download or read book On the Existence and the Topology of Equilibria in Incomplete Asset Markets written by Graciela Chichilnisky and published by . This book was released on 1993 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Equilibria with Incomplete Markets and Overlapping Generations written by David Cass and published by . This book was released on 1991 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Competitive Equilibria for Infinite horizon Economies with Incomplete Markets written by Alejandro Hernández and published by . This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Incomplete Asset Markets General Equilibrium and Infinite Horizon Economy written by Gabriel Talmain and published by . This book was released on 1987 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Existence of Equilibrium in Incomplete Markets with Non ordered Preferences written by Erkan Yalcin and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we extend the results of recent studies on the existence of equilibrium in finite dimensional asset markets for both bounded and unbounded economies. We do not assume that the individual's preferences are complete or transitive. Our existence theorems for asset markets allow for short selling. We shall also show that the equilibrium achieves a constrained core within the same framework.

Download or read book Dynamic Aggregation and Computation of Equilibria in Finite dimensional Economies with Incomplete Financial Markets written by Domenico Cuoco and published by . This book was released on 1994 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mainstream Mathematical Economics in the 20th Century written by PierCarlo Nicola and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: To write everything about nothing, or to write nothing about everything: this is the problem. (Anonym, circa 1996-97) The first idea to write a book on M athematical Economics, more or less ordered in a historical sequence, occurred to me in 1995, when I was asked, by Istituto delta Enciclopedia Italiana, to write the entry "Storia dell'economia 1 2 matematica" , for the collective work "Storia deI XX Secolo". I thought that it would be interesting to elaborate on the text presented to the editors, to turn it into a book aiming at giving a panorama of what, in my opinion, are the main 20th century contributions to mathematical eco nomics. Of course, only a narrow set of the contributions made by economic theorists could be included, both for space limitations and necessity, because 3 of the limited competence of any single author. For instance, I have paid very limited attention to what is now called Macroeconomics, and also to Game Theory, which actually has grown so much as to acquire scientific in dependence as a living branch of applied mathematics. For the same reason, I have also left completely untouched such fields as Mathematical Finance, Public Economics, Theory of Taxation, etc. I have always based my presentation on published material only, assuming that what is contained in working papers still waits to be confirmed, possibly in the first years of the 21th century.

Download or read book On the Existence of Equilibria in Economies with an Infinite Dimensional Commodity Space written by Monique Florenzano and published by . This book was released on 1982 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book General Equilibrium Growth and Trade II written by Robert Becker and published by Academic Press. This book was released on 2014-05-10 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: General Equilibrium, Growth, and Trade, Volume II: The Legacy of Lionel McKenzie presents the impact of Lionel McKenzie's contributions on modern economics. This book discusses McKenzie's researches that are relevant in applied economic fields, including general equilibrium, optimal growth, and international trade. Organized into three parts encompassing 24 chapters, this volume begins with an overview of the existence of competitive equilibrium in an economy with a finite number of agents and commodities. This text then presents two analyses that are basically responses to criticism of the development of real indeterminacy. Other chapters consider McKenzie's assumption of irreducibility, which plays a significant role in showing how compensated equilibria will be uncompensated equilibria because agents have cheaper net trade vectors in their feasible sets. This book discusses as well some properties of competitive equilibria for dynamic exchange economies with an infinite horizon and incomplete financial markets. This book is a valuable resource for economists and economic theorists.

Download or read book Debt Constraints and Equilibrium in Infinite Horizon Economies with Incomplete Markets written by David K. Levine and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fisher Markets Equilibrium in a Linear Exchange Economy with an Infinite Dimensional Commodity Space written by and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Equilibrium of Spot and Futures Markets Under Uncertainty written by Roy Radner and published by . This book was released on 1967 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relation between equilibrium and optimum under uncertainty is explored in a model of an economy with spot markets at each date and with an incomplete system of futures markets for delivery contingent on future events. An equilibrium is a consistent set of plans, spot prices, and conditional forecasts of future prices. For the economy to achieve an optimum relative to a given structure of information, economic agents must be able to buy insurance against changes in spot prices. The role of spot prices as information signals is emphasized. (Author).

Download or read book Incomplete Markets Transitory Shocks and Welfare written by Felix Kubler and published by . This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Equilibrium with incomplete markets and an infinite state space written by Darrell Duffie and published by . This book was released on 1996 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Competitive Equilibria in Production Economies with an Infinite Dimensional Commodity Space written by Mathematical Sciences Research Institute (Berkeley, Calif.). and published by . This book was released on 1985 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indeterminacy in General Equilibrium Economies with Incomplete Financial Markets written by Tito Pietra and published by . This book was released on 1989 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: