Discreteness of equilibria in incomplete markets with a continuum of states

Paulo Klinger Monteiro; Mário Páscoa

doi:10.1016/S0304-4068(99)00017-8

Discreteness of equilibria in incomplete markets with a continuum of states

Paulo Klinger Monteiro, Mário Páscoa

NOVA School of Business and Economics (NOVA SBE)

Research output: Contribution to journal › Article › peer-review

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 language	English
Pages (from-to)	229-237
Number of pages	9
Journal	Journal of Mathematical Economics
Volume	33
Issue number	2
DOIs	https://doi.org/10.1016/S0304-4068(99)00017-8
Publication status	Published - Mar 2000

Keywords

Cardinality
Continuum of states
D52
Equilibrium
Incomplete market economy

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10.1016/S0304-4068(99)00017-8

Cite this

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title = "Discreteness of equilibria in incomplete markets with a continuum of states",

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.",

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AB - 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.

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KW - Equilibrium

KW - Incomplete market economy

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Discreteness of equilibria in incomplete markets with a continuum of states

Abstract

Keywords

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