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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title An extension of Mantel (1976) to incomplete markets
Organization Unit
Authors
  • Thorsten Hens
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Mathematical Economics
Publisher Elsevier
Geographical Reach international
ISSN 0304-4068
Volume 36
Number 2
Page Range 141 - 149
Date 2001
Abstract Text 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 [J. Econ. Theory 12 (1976) 197] to the case of incomplete markets.
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Digital Object Identifier 10.1016/S0304-4068(01)00071-4
Other Identification Number merlin-id:19955
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