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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | The Survival Assumption and Existence of Competitive Equilibria When Asset Markets are Incomplete |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Journal of Economic Theory |
| Publisher | Elsevier |
| Geographical Reach | international |
| ISSN | 0022-0531 |
| Volume | 71 |
| Number | 2 |
| Page Range | 313 - 323 |
| Date | 1996 |
| Abstract Text | The paper studies the role and the formulation of the survival assumption with incomplete markets. We are able to show the existence of a competitive equilibrium when the agents' endowments lie on the boundary of their consumption set. However, for this some additional assumptions with respect to the complete market case are needed. These are joint restrictions on the asset structure and the distribution of the endowments and preferences. |
| Free access at | Related URL |
| Related URLs | |
| Digital Object Identifier | 10.1006/jeth.1996.0123 |
| Other Identification Number | merlin-id:19960 |
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