Discreteness of equilibria in incomplete markets with a continuum of states

Paulo Klinger Monteiro, Mário Páscoa

Research output: Contribution to journalArticle

Abstract

We discuss the issue, raised by Mas-Colell [Mas-Colell, 1991. Indeterminacy in incomplete markets economies. Economic Theory 1 (1), 45-61] whether local uniqueness (relative to the L topology) may be a generic property of equilibria in incomplete markets economies with a continuum of states.

Original languageEnglish
Pages (from-to)229-237
Number of pages9
JournalJournal of Mathematical Economics
Volume33
Issue number2
DOIs
Publication statusPublished - Mar 2000

Keywords

  • Cardinality
  • Continuum of states
  • D52
  • Equilibrium
  • Incomplete market economy

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